For the year just completed, Hanna Company had net income of $$72,500.$ Balances in the company$$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 $ $64,000$ $ $77,000$

Accounts receivable $ $154,000$ $ $184,000$

Inventory $ $448,000$ $ $346,000$

Prepaid expenses $ $11,500$ $ $14,000$

Current liabilities:

Accounts payable $ $370,000$ $ $398,000$

Accrued liabilities $ $8,000$ $ $12,000$

Income taxes payable $ $32,000$ $ $26,000$

The Accumulated Depreciation account had total credits of $$56,000$ 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.$)$