for the completed year, Hanna company had net income of 54,500. Balances in the company's current assets and current liability accounts at the beginning and end of the year were as follows:

using the indirect method determine the net cash provided by operating activities for the year

End of Beginning Year of Year Current assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 56,000 $ 77,000 $160,000 $194,000 $451,000 $370,000 $ 11,500 $ 13,500 $368,000 $394,000 $ 9.000 $ 12,000 $ 35,000 $ 27,000 The Accumulated Depreciation account had total credits of $48,000 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 Required: Using the indirect method, determine the net cash provided by operating act outflows as negative amounts.) Hanna Company Statement of Cash Flows-Indirect Method (partial) FU Contribution margin Gross margin Net income Sales during the year. Hanna losses during the year. Required: Using the indirect method, determine the net cash provided by operating activities for the outflows as negative amounts.) Hanna Company Statement of Cash Flows-Indirect Method (partial) Adjustments to convert contribution margin to a cash basis: Adjustments to convert gross margin to a cash basis: Adjustments to convert net income to a cash basis: Adjustments to convert sales to a cash basis: 0 $ 0 Required: Using the indirect method, determine the net cash provided by operating activitie outflows as negative amounts.) Hanna Company Statement of Cash Flows-Indirect Method (partial) Decrease in accounts payable Decrease in accounts receivable Decrease in accrued liabilities Decrease in income taxes payable $ Required: Using the indirect method, determine the net cash provided by operating activities for the year. (List any d outflows as negative amounts.) Statement of Cash Flows-Indirect Method (partial) 0 $ 0 Net cash provided by operating activities Net cash used in operating activities