Statement of Cash Flows W.C. Cycling had $41,000 of cash at year-end 2011 and $10,000 in cash at year-end 2012. The...

Statement of Cash Flows

W.C. Cycling had $41,000 of cash at year-end 2011 and $10,000 in cash at year-end 2012. The firm invested in property, plant, and equipment totaling $150,000. Cash flow from financing activities totaled +$170,000. Round your answers to the nearest dollar, if necessary.

1. What was the cash flow from operating activities?

$  

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1. If accruals increased by $50,000, receivables and inventories increased by $195,000, and depreciation and amortization totaled $19,000, what was the firm's net income?

$  

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