For the year just completed, Hanna Company had net income of $45,500. 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	$ 78,000
Accounts receivable	$ 150,000	$ 190,000
Inventory	$ 430,000	$ 358,000
Prepaid expenses	$ 11,500	$ 14,000
Current liabilities:
Accounts payable	$ 368,000	$ 394,000
Accrued liabilities	$ 9,000	$ 13,000
Income taxes payable	$ 35,000	$ 28,000

The Accumulated Depreciation account had total credits of $40,000 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.)

Hanna Company

Statement of cash flows- Indirect Method (partial)