Menu 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 $61,560 $29,160 142,560 113,400 178,200 158,760 19,440 25,920 Long-term investments 68,040 110,160 486,000 343440 Accumulated depreciation (129,600) (120,600) 77,760 64,800 2,96019,440 92,040 298,800 343,440 294800 Cash Accounts receivable Inventory Prepaid rent Plant assets Accounts payable Income tax payable Common stock Retained earnings Capital expenditures 30,000 Assume that Galena Company's income statement showed depreciation expense of $9,000, a gain on sale of investments of $10,000, and a net income of $90.000. (a) Calculate the cash flow from operating activities using the indirect method and (b) compute Galena's operating-cash-flow-to- capital-expenditures ratio. a. Use negative signs with cash outflow answers. Cash Flow from Operating Activities