For the year just completed, Hanna Company had net income of $80,000. 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	$ 81,000
Accounts receivable	$ 170,000	$ 192,000
Inventory	$ 442,000	$ 352,000
Prepaid expenses	$ 12,500	$ 14,000
Current liabilities:
Accounts payable	$ 368,000	$ 392,000
Accrued liabilities	$ 8,000	$ 12,500
Income taxes payable	$ 35,000	$ 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. (List any deduction in cash outflows as negative amounts.)