6 Exercise 14-2 Net Cash Provided by Operating Activities [L014-2] For the just completed year, Hanna Company had net income of $87,500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows 0.83 polnts December 31 End of Beginning Yearof Year Skipped Current assets: s 62,000 84,0e0 s 164,000 188,880 445,0 355,080 $ 12,58 13,580 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses eBook Current liabilities: Hint Accounts payable Accrued liabilities Income taxes payable $ 354,000 396,000 5 8,500 12,500 5 32,000 $ 27,000 References The Accumulated Depreciation account had total credits of $58,000 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 and cash outflows as negative amounts.) The Accumulated Depreciation account had total credits of $58,000 during the year. Hanna Company did not record any gains or losses during the year 6 Required: Using the indirect method, determine the net cash provided by operating activities for the year. (List any deduction in cash and cash outflows as negative amounts.) 0.83 points Hanna Company Statement of Cash Flows-Indirect Method (parti Skipped eBook Hint References