For the year just completed, Hanna Company had net income of $90,500. 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	$ 65,000	$ 82,000
Accounts receivable	$ 170,000	$ 186,000
Inventory	$ 445,000	$ 358,000
Prepaid expenses	$ 12,000	$ 13,000
Current liabilities:
Accounts payable	$ 350,000	$ 384,000
Accrued liabilities	$ 8,500	$ 11,500
Income taxes payable	$ 34,000	$ 27,000

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 outflows as negative amounts.)

Havana Company, Statement of cash flows- Indirect Method (Partial)

Net Income- __________

Adjustments to convert net income to a cash basis:

Depreciation- _________

Decrease in accounts receivable- ________

Increase in inventory- _________

Decrease in prepaid expenses- ________

Decrease in accounts payable- _________

Decreased in accrued liabilities- __________

Increase in income taxes payable- _______

Total net cash provided by operating activities ________