12. Problem 3.12 (Statement of Cash Flows) eBook Hampton Industries had $70,000 in cash at year-end 2018...

12. Problem 3.12 (Statement of Cash Flows)

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Hampton Industries had $70,000 in cash at year-end 2018 and $28,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $300,000 — the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$210,000. 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 $40,000, receivables and inventories increased by $110,000, and depreciation and amortization totaled $5,000, what was the firm's net income?

$

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