Question: Please explain all concepts and show math. Cash Flow from Operating Activities (Indirect Method) The following information was obtained from Galena Company's comparative balance sheets


Please explain all concepts and show math.
Cash Flow from Operating Activities (Indirect Method) The following information was obtained from Galena Company's comparative balance sheets End Beginning of Year $19,000 44,000 55,000 6,000 of Year Cash Accounts receivable Inventory Prepaid rent Long-term investments Plant assets Accumulated depreciation Accounts payable Income tax payable Common stock Retained earnings Capital expenditures $9,000 35,000 49,000 8,000 21,000 34,000 150,000 106,000 (32,000) 24,000 20,000 6,000 121,000 92,000 91,000 (42,000) 4,000 106,000 13,200 Assume that Galena Company's income statement showed depreciation expense of $10,000, a gain on sale of investments of $7,000, and a net income of $51,000. (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
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