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 $ $30,000$ $ $40,000$

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 $ $34,000$ $ $30,000$

The Accumulated Depreciation account had total credits of $$20,000.$ Hanna Company$$s net income was $$35,000$ 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.