For the year just completed, Hanna Company had net income of $47,500. 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 YearBeginning of YearCurrent assets: Cash and cash equivalents$ 65,000$ 77,000Accounts receivable$ 156,000$ 196,000Inventory$ 433,000$ 367,000Prepaid expenses$ 11,500$ 15,000Current liabilities: Accounts payable$ 352,000$ 380,000Accrued liabilities$ 8,000$ 12,000Income taxes payable$ 33,000$ 28,000

The Accumulated Depreciation account had total credits of $58,000 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.)