The comparative statement of financial position for Pharoah Corporation shows the following noncash current asset and liability accounts at March 31: 2021 2020 Accounts receivable $70,000 $49,600. Inventory 58,500 78,000 Prepaid expenses 6,200 4,300 Accounts payable 31,200 44,200 Salaries payable 12,400 9,400 Income tax payable 10,700 5,550 Pharoah's statement of income reported the following selected information for the year ended March 31, 2021: sales were $890,000, cost of goods sold was $485.000, other operating expenses were $225,000 (which included depreciation expense of $26.000), salaries expense was $48.500, and income tax expense was $15,200. Calculate net cash provided (used) by operating activities using the direct method. PHAROAH CORPORATION Statement of Cash Flows (Partial) Operating activities $ Cash payments