STATEMENT OF CASH FLOWS W.C. Cycling had $55,000 in cash atyear-end 2014 and $25,000 in cash at year-end 2015. The firminvested in property, plant, and equipment totaling $250,000. Cashflow from financing activities totaled $170,000. a. What was thecash flow from operating activities? b. If accruals increased by$25,000, receivables and inventories increased by $100,000, anddepreciation and amortization totaled $10,000, what was the firm’snet income?
