12.

Hampton Industries had $61,000 in cash at year-end 2020 and $28,000 in cash at year-end 2021 . The firm invested in property, plant, and equiprient totaling $260,000 - the majonity having a useful life greater than 20 years and falling under the aiternative depreciation system, Cash fiow from financing activities tati+led +$100,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outfow, if any, should be indicated by a minus sign. 5 b. If accruals increased by $10,000, recelvables and inventories increased by $145,000, and depreciation and amortizaton totaled $55,000, what was the firm's net income