Cash Flow from operating Activities (Indirect Method) The following information was obtained from Galena Company's comparative balance sheets: End Beginning of Year of Year Cash $24,700 $11,700 57,200 45,500 Accounts receivable 71,500 63,700 Inventory Prepaid rent 7,800 10,400 Long-term investments 27,300 44,200 Plant assets 195,000 137,800 Accumulated depreciation (52,000) (44,000) Accounts payable 31,200 26,000 Income tax payable 5,200 7,800 Common stock 157,300 119,600 Retained earnings 137,800 118,300 Capital expenditures 17,160 Assume that Galena Company's income statement showed depreciation expense of $8,000, a gain on sale of investments of $9,000, and a net income of $58,000. (a) Calculate the cash flow from operating activities using the indirect method and (b) compute Galena's operating-cash-flowto-capital-expenditures ratio