Chapter 13, Problem 2E

Net Cash Provided by Operating Activities
For the just completed year, Haana 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 veal were as follows:

The Accumulated Depreciation account bad total credits of $20,000 during the year. Hanna Company the 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.