#8 Hampton Industries had $52,000 in cash at year-end 2018 and $28,000 in cash at...
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Hampton Industries had $52,000 in cash at year-end 2018 and $28,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $110,000 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.
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 $10,000, receivables and inventories increased by $180,000, and depreciation and amortization totaled $13,000, what was the firm's net income?
$_______?
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