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	$	61,000	$	81,000
Accounts receivable	$	168,000	$	180,000
Inventory	$	433,000	$	364,000
Prepaid expenses	$	11,000	$	14,000
Current liabilities:
Accounts payable	$	352,000	$	390,000
Accrued liabilities	$	9,000	$	11,500
Income taxes payable	$	34,000	$	27,000

The Accumulated Depreciation account had total credits of $54,000 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.)