STATEMENT OF CASH FLOWS W.C. Cycling had $105,000 in cash at year-end 2013 and $45,000 in cash at year-end 2014. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities totaled +$170,000.

If cash flows from operations totaled $20,000, accruals increased by $55,000, receivables and inventories increased by $135,000, and depreciation and amortization totaled $25,000, what was the firm's net income?