Hampton Industries had $39,000 in cash at year-end 2018 and $13,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $150,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$120,000. Round your answers to the nearest dollar, if necessary.

1. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.

   $

2. If accruals increased by $5,000, receivables and inventories increased by $110,000, and depreciation and amortization totaled $29,000, what was the firm's net income?

   $