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Exercise 13-2 (Algo) Net Cash Provided by Operating Activities [LO13-2] For the year just completed, Hanna Company had net income of $79,500. Balances in the
Exercise 13-2 (Algo) Net Cash Provided by Operating Activities [LO13-2] For the year just completed, Hanna Company had net income of $79,500. Balances in the company's current asset and current liabilit) accounts at the beginning and end of the year were as follows: The Accumulated Depreciation account had total credits of $52,000 during the year. Hanna Company did not record any gains or losses during the yeat. 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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