Presley, Inc., had the following positive and negative cash flows during the current year. Positive cash flows: Received from customers $ 270,000 Interest and dividends 50,000 Sale of plant assets 360,000 Negative cash flows: Paid to suppliers and employees $ 127,000 Purchase of investments 45,000 Purchase of treasury stock 40,000 Determine the amount of cash provided by or used for operating activities by the direct method.
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