For the just completed year, Hanna Company had net income of $47,000. 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	$	64,000	$	81,000
Accounts receivable	$	152,000	$	200,000
Inventory	$	430,000	$	355,000
Prepaid expenses	$	11,000	$	14,000
Current liabilities:
Accounts payable	$	366,000	$	396,000
Accrued liabilities	$	8,500	$	12,000
Income taxes payable	$	35,000	$	26,000

The Accumulated Depreciation account had total credits of $58,000 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