Chapter 14 - Homework Hels 10 Exercise 14-2 Net Cash Provided by Operating Activities (LO14-2) 0.55 points For the just completed year, 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 Beginning of Year Current assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities Accounts payable Accrued liabilities Income taxes payable $ 30,000 $ 125,000 $ 213,000 $ 6,000 $40,000 $100,000 $180.00 $ 7,eee $ 210,000 $195,000 $ 4.000 $ 6,000 $14.000 $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. (List any deduction in cash outflows as negative amounts.) Hanna Company Statement of Cash Flows Indirect Method (partial) Chapter 14 - Homework i 10 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. 0.55 points 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.) eBook Hanna Company Statement of Cash Flows-Indirect Method (partial)