For the just completed year, Hanna Company had net income of $50,000. 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 of Year Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 63,000 $ $ 164,000 $ $ 430,000 $ $ 11,500 $ 78,000 192,000 364,000 14,500 $ 370,000 $ $ 9,000 $ $ 33,000 $ 394,000 11,500 30,000 The Accumulated Depreciation account had total credits of $42,000 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.) Answer is complete but not entirely correct. Hanna Company Statement of Cash Flows-Indirect Method (partial) Net income $ 50,000 Adjustments to convert net income to a cash basis: Depreciation 42,000 Increase in income taxes payable (24,000) Increase in inventory (66,000) Decrease in accounts payable (3,000) Decrease in prepaid expenses (16,000) Decrease in accrued liabilities (2,500) Decrease in accounts receivable (2,800) (72,300) Net cash provided by operating activities $ (22,300) 0