Cash Flow from Operating Activities (Indirect Method) The following information was obtained from Galena Companys comparative balance sheets: End of Year Beginning of Year 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 34,000 Plant assets 150,000 106,000 Accumulated depreciation (42,000) (32,000) 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 Capital expenditures 13,200 Assume that Galena Companys 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 Galenas operatingcashflowto capitalexpenditures ratio.