For the year just completed, Hanna Company had net income of $84,500. 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	$ 58,000	$ 80,000
Accounts receivable	$ 170,000	$ 188,000
Inventory	$ 445,000	$ 355,000
Prepaid expenses	$ 12,000	$ 14,500
Current liabilities:
Accounts payable	$ 356,000	$ 382,000
Accrued liabilities	$ 8,500	$ 12,500
Income taxes payable	$ 36,000	$ 26,000

The Accumulated Depreciation account had total credits of $44,000 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.

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.