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05- (a). The net income for Faisal Company for 2020 was $320,000. During 2020, depreciation on plant assets was $124,000, amortization of patent was $40,000,

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05- (a). The net income for Faisal Company for 2020 was $320,000. During 2020, depreciation on plant assets was $124,000, amortization of patent was $40,000, and the company incurred a gain on disposal of plant assets of 12,000. Compute net cash flow from operating activities. (b). Jassim Corporation reported net cash provided by operating activities of $325,000, net cash used by investing activities of $250,000, and net cash provided by financing activities of $70,000. In addition, cash spent for net capital expenditures during the period was $200,000, and $25,000 of dividends were paid

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