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What was the cash flow from operating activities

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Problem - Statement of Cash Flows - Hampton Industries had $37,000 in cash at year-end 2020 and $25,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $290,000 - the majority having useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$230,000.

Required -

a. What was the cash flow from operating activities?

b. If accruals increased by $50,000, receivables and inventories increased by $140,000, and depreciation and amortization totaled $75,000, what was the firm's net income?

Reference no: EM133055026

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