The financial statements of Deutsch Company are provided below: Deutsch, Inc. Comparative Balance Sheets December 31, 2022 2021 Assets: Current Assets: Cash $ 1,380,000 $1,080,000 Accounts Receivable (net) 3,120,000 2,160,000 Inventory 3,900,000 2,520,000 Prepaid Expenses 702,000 630,000 Total Current Assets 9,102,000 6,390,000 Long-Term Investments 450,000 Plant Assets: Property, Plant & Equipment 4,380,000 2,880,000 Accumulated Depreciation (900,000) (540,000) Total Plant Assets 3,480,000 2,340,000 Total Assets $13,032,000 $8,730,000 Equities: Current Liabilities: Accounts Payable $ 2,550,000 $2,190,000 Accrued Expenses 618,000 564,000 Total Current Liabilities 3,168,000 2,754,000 Long-Term Notes Payable 1,650,000 Stockholders' Equity: Common Stock 6,000,000 4,800,000 Retained Earnings 2,214,000 1,176,000 Total Equities $13,032,000 $8,730,000 Deutsch, Inc. Income Statement December 31, 2022 Net Credit Sales $14,040,000 Cost of Goods Sold 7,830,000 Gross Profit 6,210,000 Operating Expenses 5,072,000 Income before tax 1,138,000 Income tax expense 100,000 Net Income $1,038,000 Instructions: Prepare the net cash provided (used) by operating activities using the direct method. Show all calculations