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For the just completed year, Hanna Company had net income of $57,000. Balances in the companys current asset and current liability accounts at the beginning

For the just completed year, Hanna Company had net income of $57,000. 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 $ 59,000 $ 83,000
Accounts receivable $ 158,000 $ 190,000
Inventory $ 433,000 $ 349,000
Prepaid expenses $ 11,000 $ 14,500
Current liabilities:
Accounts payable $ 360,000 $ 384,000
Accrued liabilities $ 8,000 $ 12,000
Income taxes payable $ 32,000 $ 26,000

The Accumulated Depreciation account had total credits of $46,000 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.

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