For the just completed year, Hanna Company had net income of $52,000. 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 $ 59,000 $ 83,000 Accounts receivable $ 158,000 $ 200,000 Inventory $ 442,000 $ 361,000 Prepaid expenses $ 12,500 $ 14,500 Current liabilities: Accounts payable $ 358,000 $ 398,000 Accrued liabilities $ 8,500 $ 12,500 Income taxes payable $ 36,000 $ 27,000

The Accumulated Depreciation account had total credits of $56,000 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.)