Watley Surf Shop provided the following information for the current year:

Category

Cost

Proceeds from sale of equipment

$$120,000$

Dividends paid to stockholders

$16,000$

Purchase of inventories on account

$92,000$

Borrowing a long$-$term loan

$60,000$

Loan principal payments made

$14,000$

Interest paid on loan payments

$1,000$

Purchase of land for cash

$65,000$

Payment for inventory previously acquired on account

$85,000$

Cash collected from customers

$450,000$

How much is the net cash provided$/($used$)$ by financing activities during the year?