For the year just completed, Hanna Company had net income of $54,500. 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	$ 60,000	$ 83,000
Accounts receivable	$ 158,000	$ 192,000
Inventory	$ 439,000	$ 370,000
Prepaid expenses	$ 12,000	$ 15,000
Current liabilities:
Accounts payable	$ 352,000	$ 384,000
Accrued liabilities	$ 8,000	$ 12,500
Income taxes payable	$ 34,000	$ 27,000

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.