For the just completed year, Hanna Company had net income of $69,000. Balances in the companys current asset and current liability accounts at the beginning and end of the year were as follows:

December 31

End of Year Beginning of Year Current assets: Cash $ 58,000 $ 80,000 Accounts receivable $ 154,000 $ 182,000 Inventory $ 433,000 $ 364,000 Prepaid expenses $ 11,500 $ 13,000 Current liabilities: Accounts payable $ 350,000 $ 398,000 Accrued liabilities $ 8,500 $ 12,500 Income taxes payable $ 33,000 $ 26,000

The Accumulated Depreciation account had total credits of $50,000 during the year. Hanna Company did not record any gains or losses during the year.

Required:

Use the indirect method to determine the net cash provided by (or used in) operating activities for the year. (List any deduction in cash and cash outflows as negative amounts.)