W.C. Cycling had $55,000 in cash at year-end 2004 and $25,000 in cash at year-end 2005. Cash flow from long-term investing activities totaled – $250,000, and cash 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 inventories increased by $100,000, and depreciation and amortization totaled $10,000, what was the firm’s net income?