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Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $180,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$190,000. Round your answers o 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income? $

Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $180,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$190,000. Round your answers o 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income? $

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Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $180,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$190,000. 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income? $
Transcribed Image Text:Hampton Industries had $63,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $180,000 - the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$190,000. 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 $35,000, receivables and Inventories increased by $150,000, and depreciation and amortization totaled $35,000, what was the firm's net income? $
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