3. Problem 3.12 (Statement of Cash Flows) Hampton Industries had $68,000 in cash at year-end 2020 and $30,000 in cash at year-end 2021 . The firm imvested in property, plant, and equipment totaling $300,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash fow from financing activities totaled +$120,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. $ b. If aceruals increased by $20,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $61,000, what was the firm's net income