In: Finance
Hampton Industries had $71,000 in cash at year-end 2018 and $22,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $280,000 — the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$240,000. Round your answers to the nearest dollar, if necessary.
What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.
$
If accruals increased by $20,000, receivables and inventories increased by $155,000, and depreciation and amortization totaled $9,000, what was the firm's net income?
$