For the just completed year, Hanna Company had net income of $35,000. 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	$	30,000	$	40,000
Accounts receivable	$	125,000	$	106,000
Inventory	$	213,000	$	180,000
Prepaid expenses	$	6,000	$	7,000
Current liabilities:
Accounts payable	$	210,000	$	195,000
Accrued liabilities	$	4,000	$	6,000
Income taxes payable	$	34,000	$	30,000

The Accumulated Depreciation account had total credits of $20,000 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 outflows as negative amounts.)

Exercise 14-2 Net Cash Provided by Operating Activities [L014-2] For the just completed year, Hanna Company had net income of $35,000. Balances 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 Beginning Year of Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses $30,000 40,000 $125,000 $106,000 $213,000 $180,000 $6,000 $7,000 Current liabilities: Accounts payable Accrued liabilities Income taxes payable $210,000 $195,000 $ 4,000 6,000 $ 34,000 30,000 The Accumulated Depreciation account had total credits of $20,000 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 outflows as negative amounts.) Hanna Compan Statement of Cash Flows-Indirect Method (partial) 0