W.C. Cycling had $55,000 in cash at year end 2010 and $25,000 in cash at year end in 2011. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing totaled +$170,000.
1) What was the cash flow from operating activities?
2) If accruals increased by $25,000 receivables and inventories increased by $100,000 and depreciation and amortization totaled $10,000 what was the firm's net income?