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. again on sale of investments of $9,000, and net income of $45,000 Dec 31, 2018 Dec 31, 2017 Cash $19,000 $9.000 Accounts receivable 44,000 35.000 Inventory 55,000 49.000 Prepaid rent 6,000 8,000 Long-term investments -21.000 34000 Plant assets 150.000 106.000 Accumulated depreciation 40,000 32000 Accounts payable 24,000 20.000 Income tax payable 4,000 6.000 Common stock 121.000 92.000 Retained earnings 106,000 91.000 Calculate the net cash flow from operating activities using the indirect method. Instructions: Use negative signs with answers that reduce cash provided by operating activities. Enter accounts in alphabetical order, when needed. Net cash flow from operating activities Dec. 31. 2018 Net income 5 45,000 Add (deduct items to convert net income to cash basis Depreciation BODO Gain on sale of inwestments 9,000 Change in operating assets! 0 O Prepaid rent Change in operating liabilities: Accounts payable D Net cash provided by operating activities