Net Cash Provided by Operating Activities LO15–2 For the year just completed, Hanna Company had net income of $35,000. Balances in the company’s current asset and current liability accounts at the beginning and end of the year were as follows:

December 31 End of Year Beginning of Year Current assets:
Cash and cash equivalents ������������������ $30,000 $40,000 Accounts receivable ������������������������������ $125,000 $106,000 Inventory �������������������������������������������������� $213,000 $180,000 Prepaid expenses ���������������������������������� $6,000 $7,000 Current liabilities:
Accounts payable ���������������������������������� $210,000 $195,000 Accrued liabilities ���������������������������������� $4,000 $6,000 Income taxes payable ��������������������������� $34,000 $30,000 The Accumulated Depreciation account had total credits of $20,000 during the year. Hanna Company did not record any gains or losses during the year.

Required:
Using the indirect method, determine the net cash provided by operating activities for the year.