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eBook Hampton Industries had $72,000 in cash at year-end 2020 and $10,000 in cash at...

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Hampton Industries had $72,000 in cash at year-end 2020 and $10,000 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 +$150,000. Round your answers to the nearest dollar, if necessary.

What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.

$

If accruals increased by $10,000, receivables and inventories increased by $115,000, and depreciation and amortization totaled $11,000, what was the firm's net income?

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