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For the year recently completed, a company had net income of $35,000. Balances in the company's current asset and current liability accounting for the beginning

For the year recently completed, a company had net income of $35,000. Balances in the company's current asset and current liability accounting for the beginning and ending of the year were as follows:

End of Year Beginning of Year
Current assets:
Cash and cash equivalents $30,000 $40,000
Accounts receivable $125,000 $106,000
Inventory $213,000 $180,000
Prepaid expenses $6,000 $7,000
Current liabilities:
Accounts payable $210,000 $195,000
Accrued liabilities $4,000 $6,000
Income taxes payable $34,000 $30,000

Also, the accumulated depreciation account had total credits of $20,000 during the year. The company did not record any gains or losses during the year.

Based on the above and in consideration of the indirect method, determine the net cash provided by operating activities for the year.

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