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1 For the year just completed, Hanna Company had net income of $57,500. Balances in the company's current asset and current liability accounts at
1 For the year just completed, Hanna Company had net income of $57,500. 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 6 ints clock Print ferences Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current Liabilities: Accounts payable Accrued Liabilities Income taxes payable $ 64,000 $164,000 $ 433,000 $12,000 $354,000 $ 8,500 $ 36,000 $ 77,000 $ 192,000 $ 361,000 $ 15,000 $ 382,000 $ 12,000. $ 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. 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.) Hanna Company Statement of Cash Flows-Indirect Method (partial) 0 $
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