Information Flag question For just the completed year, Hanna Company had net income of $35,000. Balances in the company's current assets and current liability accounts at the beginning and end of the year were as follows: December 31, December 31, End of the year beginning of year Current assets: $30,000 $40,000 $125,000 $106,000 Cash and cash equivalent Accounts receivable Inventory Prepaid expenses Current liabilities: $213,000 $180,000 $6,000 $7,000 Accounts $210,000 $195,000 payable Accrued liabilities $4,000 $6,000 Income taxes $34,000 $30,000 payable The accumulated depreciation account had total credits of $20,000 during the year. Hanna Company did not record any gains or losses during the year. INSTRUCTION: Indicate if the items should be added to or deducted from net income. Write your numerical answers in absolute value. Question 1 Not complete Marked out of 2.00 P Flag question depreciation Answer: O Add O Deduct Check Question 2 Not complete Marked out of 2.00 P Flag question increase in accounts receivable Answer: Deduct O Add Check Question 3 Not complete Marked out of 2.00 P Flag question increase in inventory Answer: O Deduct Add O Check Question 4 Not complete Marked out of 2.00 P Flag question Decrease in prepaid expenses Answer: Add O Deduct Check Question 5 Not complete Marked out of 2.00 P Flag question increase in accounts payable Answer: Add O Deduct Check Question 6 Not complete Marked out of 2.00 P Flag question decrease in accrued liabilities Answer: Deduct 0 Add Check Question 7 Not complete Marked out of 2.00 P Flag question increase in income taxes payables Answer: Add O Deduct Check Question 8 Not complete Marked out of 1.00 P Flag question Net cash provided (used in) operating activities Answer: Check