For the just completed year, Hanna Company had net income of $61,000. 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	$	56,000	$	81,000
Accounts receivable	$	150,000	$	186,000
Inventory	$	445,000	$	361,000
Prepaid expenses	$	11,000	$	14,000
Current liabilities:
Accounts payable	$	356,000	$	386,000
Accrued liabilities	$	7,500	$	13,000
Income taxes payable	$	36,000	$	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. (List any deduction in cash and cash outflows as negative amounts.)