Complete using direct and indirect methods, complete operating section using both methods and investing & financing section.

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 Beginning of Year End of Year Current assets: Cash and cash equivalents $30,000 $40,000 $125,000 Accounts receivable $106,000 Inventory $213,000 $180,000 Prepaid expenses $7,000 $6,000 Current liabilities: Accounts payable . $210,000 $195,000 Accrued liabilities. $4,000 $6,000 Income taxes payable. $3 000 $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