Investing and Financing Cash Flows The following information was obtained from Galena Company's comparative balance sheet. End Beginning of Year of Year Cash $26,600 $12.600 Accounts receivable 61,600 49,000 Inventory 77,000 68,600 Prepaid rent 8,400 11,200 Long-term investments 29,400 47,600 Plant assets 210,000 148,400 Accumulated depreciation (56,000) (44,800) Accounts payable 33,600 28,000 Income tax payable 5,600 8,400 Common stock 169,400 128,800 Retained earnings Capital expenditures 148,400 18,480 127,400 Assume that Galena Company's income statement showed depreciation expense of $8,000, a gain on sale of investments of $9,000, and a net income of $45,000. During the year, Galena Company purchased plant assets for cash, sold investments for cash (the entire $9,000 gain developed during the year), and issued common stock for cash. The firm also declared and paid cash dividends. What Items and amounts will appear in (a) the cash flow from investing activities and (b) the cash flow from financing activities sections of a statement of cash flows? Use a negative sign with cash outflow answers. a. Cash flow from investing activities will show Purchase of plant assets Sale of investments b. Cash flow from financing activities will show Issuance of common stock Payment of dividends S $ D D