The comparative statement of financial position for Sandhill Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $70,000 $45,500 Inventory 76,000 61.000 Accounts payable 30,000 42,000 Dividends payable 1,500 2,500 Sandhill's income statement reported the following selected information for the year ended March 31, 2018: net income was $280,000, depreciation expense was $61,000, and a loss on the disposal of land was $18,000. Sandhill 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 e.g. -15,000 or in parenthesis e.g. (15,000).) SANDHILL CORPORATION Statement of Cash Flows (Partial)-Indirect Method Operating activities Adjustments to reconcile net income to $ $ $