W.C. Cycling had $43,000 of cash at year-end 2011 and $14,000 in cash at year-end 2012. The firm invested in property, plant, and equipment totaling $190,000. Cash flow from financing activities totaled +$170,000. Round your answers to the nearest dollar, if necessary.
What was the cash flow from operating activities?
If accruals increased by $10,000, receivables and inventories increased by $130,000, and depreciation and amortization totaled $41,000, what was the firm's net income?