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00:51:06 kipped eBook Hint Print ferences For the year just completed, Hanna Company had net income of $82,500. Balances in the company's current asset and
00:51:06 kipped eBook Hint Print ferences For the year just completed, Hanna Company had net income of $82,500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable December 31 End of Year $ 56,000 $ 158,000 $ 451,000 $ 12,000 $352,000 $ 9,000 $36,000 Beginning of Year $ 76,000 $ 196,000 $ 349,000 $ 14,000 $ 384,000 $ 12,500 $ 29,000 The Accumulated Depreciation account had total credits of $48,000 during the year. Hanna Company did not record any gains or losses during the year. Hanna Company Statement of Cash Flows-Indirect Method (partial) Required: Using the indirect method, determine the net cash provided by operating activities for the year. (List any deduction in cash outflows as negative amounts.)
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