What was the firms net income

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Question: Hampton Industries had $38,000 in cash at year-end 2020 and $19,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $290,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$200,000. Round your answers to the nearest dollar, if necessary. Cash outflow is 71,000 from operating activities

If accruals increased by $50,000, receivables and inventories increased by $110,000, and depreciation and amortization totaled $41,000, what was the firm's net income?

Reference no: EM133496085

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