Hampton Industries had $40,000 in cash at year-end 2017 and $30,000 in cash at year-end 2018. The firm invested in property, plant, and equipment totaling $150,000. 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 $45,000, receivables and inventories increased by $125,000, and depreciation and amortization totaled $65,000, what was the firm's net income?