For the year just completed, Hanna Company had net income of $65,000. 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 $ 63,000 $ 85,000 Accounts receivable $ 160,000 $ 184,000 Inventory $ 448,000 $ 361,000 Prepaid expenses $ 12,500 $ 13,000 Current liabilities: Accounts payable $ 368,000 $ 392,000 Accrued liabilities $ 9,000 $ 12,500 Income taxes payable $ 35,000 $ 29,000 The Accumulated Depreciation account had total credits of $54,000 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.)

For the year just completed, Hanna Company had net income of $65,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: The Accumulated Depreciation account had total credits of $54,000 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.) For the year just completed, Hanna Company had net income of $65,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: The Accumulated Depreciation account had total credits of $54,000 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.)