For the just completed year, Hanna Company had net income of $63,000. 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 and cash equivalents $ 58,000 $ 81,000 Accounts receivable $ 150,000 $ 186,000 Inventory $ 433,000 $ 367,000 Prepaid expenses $ 11,500 $ 14,000 Current liabilities: Accounts payable $ 354,000 $ 398,000 Accrued liabilities $ 8,000 $ 12,000 Income taxes payable $ 32,000 $ 29,000

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