M4-26. Calculating Net Cash Flow from Operating Activities (Indirect Method) The following information was obtained from Galena Company's comparative balance sheets. Assume that Galena Company's 2018 income statement showed depreciation expense of $8,000, a gain on sale of investments of $9,000, and net income of $45,000. Calculate the net cash flow from operating activities using the indirect method. Dec. 31, 2018 Dec. 31, 2017 Cash.............. Accounts receivable ... Inventory..... Prepaid rent .......... Long-term investments.... Plant assets ............. Accumulated depreciation Accounts payable...... Income tax payable Common stock ....... Retained earnings ...... $ 19,000 44,000 55,000 6,000 21,000 150,000 40,000 24,000 4,000 121,000 106,000 $ 9,000 35,000 49,000 8,000 34,000 106,000 32,000 20,000 6,000 92,000 91,000