STATEMENT OF CASH FLOWS  W.C. Cycling had $55,000 incash at year-end 2014 and $25,000 in cash at year-end 2015. Thefirm invested in property, plant, and equipment totaling $250,000.Cash flow from financing activities totaled  $170,000.
a.  What was the cash flow from operatingactivities?
b.  If accruals increased by $25,000, receivables andinventories increased by $100,000,
and depreciation and amortization totaled $10,000, what was thefirm’s net income?
