The comparative statement of financial position for Sheridan Corporation shows the following noncash current asset and liability

accounts at March $31$:

Sheridan's statement of income reported the following selected information for the year ended March $31,2024$: net income was

$$270,000,$ depreciation expense was $$60,000,$ and a loss on the disposal of land was $$14,000.$ Sheridan 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$.(15,000).)$

SHERIDAN CORPORATION

Statement of Cash Flows $($Partial$)$

Adjustments to reconcile net income to