For the just completed year, Hanna Company had net income of $168.000. 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 Year of Year Current assets: Cash Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 61, eee $ 162,eee $ 447,600 $ 12,100 $ 82.ee $ 192,000 $364.ee $ 14,600 $368,eee $ 398,629 $ 8,200 $ 12,300 $ 34,6ee $ 27.eee 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. The company's income statement for the year appears below: Sales Cost of goods sold Gross margin Selling and administrative expenses Income before taxes Income taxes Net income $1,688,eee 565.ee 515, eee 3e2,eee 213,eee 45,000 $ 168,000 Required: Using the direct method, convert the company's Income statement to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.) Hanna Company Direct Method of Determining the Net Cash flows from Operating activities Adjustments to a cash basis: $ 0 Adjustments to a cash basis: 0 Selling and administrative expenses Adjustments to a cash basis: 0 Income taxes Adjustments to a cash basis: 0 $ 0