1 For the year just completed, Hanna Company had net income of $36,500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 21 End of beginning Teat of Year 8 00:28:00 Current assetas Camb and cash equivalent Accounts receivable Inventory Prepaid expenses Current abilities Accounts payable hered liabilities The taxes payable $ 60,000 $ 76,000 5152,000 $194,000 $431,000 $361,000 $ 12,000 5 13,500 $350,000 $382.000 $ 3,500 $ 12,500 $32.000 26.000 The Accumulated Depreciation account had total credits of $52,000 during the year. Honna 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 and cash outflows as negative amounts.) Hanna Company Statement of Cash Flows-Indirect Method (partial) For the year just completed, Hanna Company had not income of $36,500 Bolances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December End of Beginning Year of Year Current assetni Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities Accounts payable Accrued liabilities Income taxes payable 560,000 $ 76,000 $152,000 $194,000 $433,000 $361,000 $ 12,000 $ 13,500 $360,000 5382,000 $ 8,500 $ 12,500 $ 32,000 $ 26,000 The Accumulated Depreciation account had total credits of $52,000 during the year. Hanna Company did not record any gains or losses during the year