Exercise $15-2($Algo$)$ Net Cash Provided by Operating Activities $[$LO$15-2]$

For the year just completed, Hanna Company had net income of $$54,500.$ Balances in the company's

current asset and current liability accounts at the beginning and end of the year were as follows:

The Accumulated Depreciation account had total credits of $$50,000$ 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.$)$