Investing and Financing Cash Flows (Indirect Method)

The following information was obtained from Galena Companys comparative balance sheets:

	End of Year	Beginning of Year
Cash	$15,200	$7,650
Accounts receivable	35,200	29,750
Inventory	44,000	41,650
Prepaid rent	4,800	6,800
Long-term investments	16,800	28,900
Plant assets	120,000	90,100
Accumulated depreciation	(32,000)	(27,200)
Accounts payable	19,200	17,000
Income tax payable	3,200	5,100
Common stock	96,800	78,200
Retained earnings	84,800	77,350

Assume the following: a. Galena Companys income statement showed depreciation expense of $4,800, a gain on sale of investments of $7,200, and a net income of $36,000. b. Galena Company purchased plant assets for cash, sold investments for cash (the entire $7,200 gain developed during the year), and issued common stock for cash. c. Galena Company declared and paid cash dividends. In Galena's statement of cash flows, what items and amounts will appear in the investing and financing activities sections? (Enter increases before decreases in each section.)

Activity Section	Items	Increases (Decreases)
Investing	Cash received from sale of investments	$
	Cash paid to purchase plant assets	$
Financing	Cash received from issuance of common stock	$
	Cash paid for dividends	$