Hanna Company$$s current asset and current liability account balances 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 $ $58,000$ $ $79,000$

Accounts receivable $ $152,000$ $ $188,000$

Inventory $ $442,000$ $ $367,000$

Prepaid expenses $ $11,500$ $ $13,500$

Current liabilities:

Accounts payable $ $368,000$ $ $398,000$

Accrued liabilities $ $8,500$ $ $11,500$

Income taxes payable $ $32,000$ $ $27,000$

The Accumulated Depreciation account had total credits of $$44,000.$ Hanna Company$$s net income was $$59,000$ and it did not record any gains or losses on the sale of noncurrent assets.

Required:

Using the indirect method, calculate the net cash provided by operating activities for the year.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.