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Chapter 13 Problems Chapter 13 Problems Sed Help Save & Exit 5 Check 8 For the just completed year, Hanna Company had net income of $52,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: 10 points December 31 End of Beginning of Year Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 58,000 5 77.00 $158,000 $192,88 $448,000 $367,600 $ 12,500 $ 14.500 Book $366,080 $396,000 $ 8,000 $ 13, e88 $36,000 $ 29,000 Hint 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.) Hanna Company Statement of Cash Flows-Indirect Method (partian ME Graw HI MacBook Pro Chapter 13 Problems Sarved Help Save G 8 $ 12,500 $ 14,500 Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $366,000 $396,000 $ 8,099 $ 13,000 $ 36,000 $ 29,900 HO points 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.) eBook Hint Hanna Company Cash Flows Indirect Method (partia) Statement References MC Graw