The net income for the year ended on December 31, 2018, for RC Corporation was $120,000. 

Additional data for the year is provided below. Loss on retirement of debt $20,000 Purchase of property, plant, and equipment 280,000 

Depreciation of property, plant, and equipment 14,000 

Dividends declared 50,000 

Decrease in accounts receivable 29,000 

Loss on sale of equipment 13,000

 Issue of common stock in excess of par value 10,000 

Calculate the net cash provided (used) by operating activities using the indirect method.