cate the section (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method: (a) Gain on sale of fixed assets (b) Operating income (c) Retirement of long-term debt (d) Sale of capital stock (e) Distribution of stock dividends () Payment of cash dividends (g) Purchase of fixed assets (h) Sale of fixed assets (i) Receipt of interest revenue G) Payment of interest expense 5. The following data are taken from the balance sheet at the end of the current year. Determine the (a) working capital, (b) current ratio, and (c) acid-test ratio. Present figures used in your computations. Round ratios to the nearest tenth. Accounts payable Accounts receivable Accrued liabilities Cash Income tax payable Inventory Marketable securities Notes payable, short-term Prepaid expenses $245,000 210,000 4,000 90,000 10,000 240,000 350,000 85,000 15,000