The comparative statement of Financial Position for Oriole Corporation shows the following non cash current asset and liability accounts at March 31

2018 2017 Accounts receivable $64000 $43000 Inventory Accounts payable 29500 0000 Dividends payable 1300 2200 72000 61000 Oriole's income statement reported the following selected information for the year ended March 31,2018: net income was $280000, depreciation expense was $60000, and a loss on the disposal of land was $11000. Oriole uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a -sign eg.-15,000 or in parenthesis eg. (15,000)) ORIOLE CORPORATION Statement of Cash Flows (Partial)-Indirect Method Year Ended March 31,2018 Operating activities Adjustments to reconcile net income to