mit 11... X 124% . Tei ing column as appropriate EXERCISE 14-2 Net Cash Provided by Operating Activities L014-2 For the just completed year, 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 31 End of Year Beginning of Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable.. Accrued liabilities Income taxes payable $30,000 $125,000 $213,000 $6,000 $40,000 $106.000 $180,000 $7,000 $210,000 $4,000 $34,000 $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. Statement of Cash Flows 71 e indirect method, determine the net cash provided by operating activities for the year. SE 14-3 Calculating Free Cash Flow L014-3 company prepared the statement of cash flows for the current year that is shown below