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Hampton Industries had $71,000 in cash at year-end 2018 and $17,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling

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Hampton Industries had $71,000 in cash at year-end 2018 and $17,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $180,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$220,000. 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. -14000 b. If accruals increased by $5,000, receivables and inventories increased by $185,000, and depreciation and amortization totaled $49,000, what was the firm's net income? $ 117000 Hide Feedback Incorrect Check My Work (2 remaining)

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