11-24. Net Cash Flow from Operating Activities (Indirect Method) The following information was obtained from Galena Company's comparative balance sheets. As- sume Galena Company's 2017 income statement showed depreciation expense of $9,000, a gain on sale of investments of $11,000, and a net income of $40,000. Calculate the net cash flow from operat ing activities using the indirect method. Dec. 31, 2017 Dec. 31, 2016 Cash . Accounts receivable. $ 10,000 35,000 49,000 7,000 34,000 106,000 33,000 20,000 6,000 92,000 91,000 . . _... 45,000 55,000 6,000 20,000 .. PPE. .. 42,000 25,000 4,000 Retained earnings 106,000