Tate Company's current year income statement and changes in selected balance sheet accounts are given below.Calculate the company's net cash provided or used by operating activities using the direct method.
The company also experienced the following during the current year:

Direct Method

A cash flow statement reporting approach that lists major payments and receipts of cash, providing a clear view of cash inflows and outflows.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in a net profit or loss.

Balance Sheet Accounts

Accounts that reflect the financial position of a company, including assets, liabilities, and shareholders' equity at a specific point in time.