Hampton Industries had $70,000 in cash at year-end 2018 and$21,000 in cash at year-end 2019. The firm invested in property,plant, and equipment totaling $300,000 — the majority having auseful life greater than 20 years and falling under the alternativedepreciation system. Cash flow from financing activities totaled+$170,000. Round your answers to the nearest dollar, ifnecessary.
What was the cash flow from operating activities? Cash outflow,if any, should be indicated by a minus sign.
$Â Â
If accruals increased by $10,000, receivables and inventoriesincreased by $125,000, and depreciation and amortization totaled$29,000, what was the firm's net income?
$Â Â
