Krauss company's income statement for the year ended december 31, 2017, contained the following condensed information.
service revenue $845,540
operating expenses (excluding depreciation). $625,700
depreciation expense 57,390
loss on sale of equipment 29,170 712,260
income before income taxes 133,280
income tax expense 40,190
net income $93,090
krauss's balance sheet contained the following comparative data at december 31.
2017 2016
accounts receivable $36,010 $59,510
accounts payable 45,780 31,020
income taxes payable 4,070 8,680
(accounts payable pertains to operating expenses.)
using the direct method, what is the net cash provided by operating activities?