STAEMENT OF CASH FLOWS W.C.Cycling had $55,000in cash at year-end 2007 and $25,000 in cash at year-end 2008. Cashflow from long-term investing activities totaled -$250,000 , andcash flow from financing activities totaled +$170,000 . a. What was the cash flow from operating activities? b. If accruals increased by $25,000 receivables and inventoriesincreased by $100,000 , and depreciation and amortization totaled$10,000 , what was the firm's net income?