For the year just completed, Hanna Company had net income of $80,500. 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 Year Current assets: Cash and cash equivalents $ 65,000 Accounts receivable $ 156,000 Inventory Prepaid expenses Current Liabilities: Accounts payable Accrued Liabilities Income taxes payable $ 448,000 $ 11,000 $ 362,000 $ 9,000- $ 35,000 Beginning of Year $82,000 $ 196,000 $ 343,000 $ 15,000 $ 390,000 12,500 $ $ 28,000 The Accumulated Depreciation account had total credits of $40,000 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.) Answer is not complete. W Hanna Company Statement of Cash Flows-Indirect Method (partial) $ 80,500 Net income Adjustments to convert net income to a cash basis: Decrease in accounts payable Depreciation Decrease in accounts receivable 00000 40,000 < Previ 2 of 4 Next >