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Exercise 15-2 (Algo) Net Cash Provided by Operating Activities [LO15-2] For the year just completed. Hanna Company had net income of $87.500. Balonces in the
Exercise 15-2 (Algo) Net Cash Provided by Operating Activities [LO15-2] For the year just completed. Hanna Company had net income of $87.500. Balonces 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 Denne Year of Year Current assets Cash and cath equivalents Accounts receivable Inventory Prepaid expenses Current Stabilities: Accounts payable Accrued abilities Income taxes payable $ 5,0 5 70,000 $164,000 5 1,000 3 448,00 5361,00 $ 11,000 $13,500 $ 354,5 386,000 7,500 12,500 $ 33,000 528,000 The Accumulated Depreciation account had total credits of $44,000 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 and cash outflows as negative amounts.) Hanna Company Statement of Cash Flows-indirect Method (partial) 0 0
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