For the year just completed, Hanna Company had net income of $$87,500.$ Balances in the company$$s current asset and current liability accounts at the beginning and end of the year were as follows:

December $31$

End of Year Beginning of Year

Current assets:

Cash and cash equivalents $ $56,000$ $ $83,000$

Accounts receivable $ $164,000$ $ $180,000$

Inventory $ $430,000$ $ $361,000$

Prepaid expenses $ $11,500$ $ $13,500$

Current liabilities:

Accounts payable $ $350,000$ $ $396,000$

Accrued liabilities $ $8,500$ $ $12,500$

Income taxes payable $ $34,000$ $ $28,000$

The Accumulated Depreciation account had total credits of $$46,000$ 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.$)$