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For the Just completed year, Hanna Company had net Income of $35,000. Balances In the company's current asset and current llability accounts at the beginning
For the Just completed year, Hanna Company had net Income of $35,000. Balances In the company's current asset and current llability 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 rece ivable 30,e00 40,e00 $125,eee 186,eee $ 213,eee $18e,eee $6,e00 7,0e8 Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $210,eee 195,eee $ 4,eee $34,eee 30,eee 6,e00 The Accumulated Depreclation account had total credits of $20,000 during the year. Hanna Company did not record any galns or losses during the year Required: Using the Indirect method, determine the net cash provided by operating activitles for the year. (List any deductlon in cash outflows as negative amounts.)
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