14-2 Using the indirect method ,determine the net cash provided by operating activities for the year.

connect EXERCISE 14-1 Classifying Transactions L1-1 Below are certain events that took place at Hazred, Inc., last year a Collected cash from customers Paid cash to repurchase its own stock c Borrowed money from a credite Paid suppliers for inventory purchases e Repaid the principal amount of a debt. 1. Paid interest to lenders. Paid a cash dividend to eckholders. h. Sold common stock Luned money to another entity Paid taxes to the government Paid wages and salaries to employees Purchased equipment with cash m. Paid bills to insurers and utility providers Protect Prepare an answer sheet with the following headings Transaction Operating Investing Financing Enter the cash inflows and outflows above on your answer sheet and indicate how cach of them would be classified on a statement of cash flows. Place an X in the Operating Investing or Financ ing columnas appropriate EXERCISE 14-2 Net Cash Provided by Operating Activities L014-2 For the just completed year, Hanna Company had net income of 535.000. Balonces in the company's current asset and current liability accounts at the beginning and end of the year were as follows December 31 End of Year Beginning of your Current assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current les Accounts payable Acords Income taxes payable $30,000 $125.000 $213.000 $6.000 $210.000 $4.000 $34.000 $40.000 $106.000 $180.000 $7,000 $195.000 $6.000 $30.000 The Accumulated Depreciation account had total credits of $20,000 during the year. Hanna Com pany did not record any gains or losses during the year