For the just completed year, Hanna Company had net income of $53,000. 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	$	60,000	$	80,000
Accounts receivable	$	154,000	$	192,000
Inventory	$	439,000	$	364,000
Prepaid expenses	$	11,000	$	13,500
Current liabilities:
Accounts payable	$	370,000	$	396,000
Accrued liabilities	$	7,500	$	12,500
Income taxes payable	$	35,000	$	30,000

The Accumulated Depreciation account had total credits of $44,000 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.