For the year just completed, Hanna Company had net income of $71,500. 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	$ 56,000	$ 80,000
Accounts receivable	$ 170,000	$ 192,000
Inventory	$ 448,000	$ 361,000
Prepaid expenses	$ 12,000	$ 14,000
Current liabilities:
Accounts payable	$ 362,000	$ 382,000
Accrued liabilities	$ 9,000	$ 12,500
Income taxes payable	$ 32,000	$ 28,000

The Accumulated Depreciation account had total credits of $44,000 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.)