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Hampton industries had $75,000 in cash at year-end 2020 and $11,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling

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Hampton industries had $75,000 in cash at year-end 2020 and $11,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $300,000 - the majority having a useful life greater than 20 years and falling under the alternative depreclation system. Cash flow from financing activities totaled +$230,000. 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 accruals increased by $30,000, recelvables and inventories increased by $185,000, and depreciation and amortization totaled $53,000, what was the firm's net income? 5

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