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M4-26. Calculating Net Cash Flow from Operating Activities (Indirect Method) LO3 The following information was obtained from Galena Company's comparative balance sheets. Assume that Galena
M4-26. Calculating Net Cash Flow from Operating Activities (Indirect Method) LO3 The following information was obtained from Galena Company's comparative balance sheets. Assume that Galena Company's 2016 income statement showed depreciation expense of $8,000, a gain on sale of investments of $9,000, and net income of $45,000. Calculate the net cash flow from operating activities using the indirect method. Dec. 31, 2016 Dec. 31, 2015 . . . .19,000 44,000 55,000 6,000 21,000 150,000 40,000 24,000 4,000 121,000 106,000 $9,000 35,000 49,000 8,000 34,000 106,000 32,000 20,000 6,000 92,000 91,000 Cash
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