The comparative statement of financial position for Sandhill Corporation shows the following noncash current asset and liability accounts at March 31:

		2021		2020
Accounts receivable		$60,000		$48,000
Inventory		78,000		61,500
Accounts payable		29,000		45,000
Dividends payable		1,100		2,200

Sandhills statement of income reported the following selected information for the year ended March31, 2021: net income was $280,000, depreciation expense was $62,000, and a loss on the disposal of land was $14,000. Sandhill uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method.