Question: Check My Work Hampton Industries had $ 4 1 , 0 0 0 in cash at year - end 2 0 2 0 and $

Check My Work
Hampton Industries had $41,000 in cash at year-end 2020 and $19,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $120,000- the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$100,000. Round your answers to the nearest dollar, if necessary.
a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.
$
b. If accruals increased by $15,000, receivables and inventories increased by $100,000, and depreciation and amortization totaled $7,000, what was the firm's net income?
$
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Check My Work Hampton Industries had $ 4 1 , 0 0

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