W.C. Cycling had$55,000 in cash at year-end 2007 and $25,000 in cash at year-end2008. Cash flow from long-term investing activities totaled-$25,000, and cash flow from financing activities totaled+$170,000.
a. What was the cashflow from operating activities?
b. If accruals increased by$25,000, receivables and inventories increased by $100,000, anddepreciation and amortization totaled $10,000, what was thefirm's net income?