must be interest expense. Use this same procedure to complete similar problems.) 3. STATEMENT OF CASH FLOWS Hampton Industries had $39,000 in cash at year-end 2020 and $11,000 in cash at year-end 2021 . The firm invested in property, plant, and equipment totaling $220,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled i $140,000. 1. What was the cash flow from operating activities? 2. If accruals increased by $30,000, receivables and inventories increased by $60,000, and depreciation and amortization totaled $25,000, what was the firm's net income? 4. Arlington Corporation's financial statements (dollars and shares are in: millions) are provided here. Please construct Arlington's Statement of Cash Flows for 2021. Note: you are only given net plant and equipment, which increased \$2,000. However, if you look at the income statement, the firm had depreciation and amortization of $6,000. This means the firm actually spent $8,000 on gross PP\&