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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,
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 $210,000. Cash flow from financing activities totaled +$120,000.
a. What was the cash flow from operating activities?
b. If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?
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