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N wints Exercise 15-2 (Static) Net Cash Provided by Operating Activities [LO15-2] For the year just completed, Hanna Company had net income of $35,000.
N wints Exercise 15-2 (Static) Net Cash Provided by Operating Activities [LO15-2] For the year just completed, Hanna Company had net income of $35,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December End of Beginning Year ellook. Hint Print References Current assetar Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities. Income taxes payable of Year $30,000 $40,000 $125,000 $106,000 $213,000 $180,000 $6,000 $7,000 $210,000 $195,000 $ 4,000 $6,000 $ 34,000 $ 30,000 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. 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.)
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