Part 2! The ratios are for the company as the cash flows!

1.0 POINTS). Galley Corporation is located in West Virginia, and is in the publishing industry. Given the following information, prepare ONLY the operations section of the statement of cash flows IN GOOD FORM. Use the indirect method of preparing the operations section Galley Corporation Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Cash Accounts Receivable Merchandise Inventory Equipment Accumulated Depreciation: Equipment Total Assets 93.000 609,000 333,000 (156.000) $ 1,053,000 S 117.000 81.000 534,000 297.000 (102.000 $ 927.000 1 Liabilities and Equity Accounts Payable Income Taxes Payable Common Stock, $2 par value Paid-in capital in excess of par, Common Stock Retained Earnings Total Liabilities and Equity $69.000 27,000 582,000 $ 96,000 24.000 558,000 162,000 87.000 $927,000 177.000 1,053,000 T S Galley Corporation Income Statement For the Year Ended December 31, 2018 I S 1.992.000 (1.194,000) $ 798,000 Sales Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense Other Expenses Income Before Taxes Income Tax Expense Net Income SC 54.000) (501.000) (555.000 $ 243.000 142.000 $ 201,000 Additional information: a. Purchased equipment for $36,000. b. Issued 12,000 shares of common stock for $5 cash per share. c. Declared and paid $111,000 in cash dividends DUE MONDAY 9/9/19 at 12:00 PM pels 12 and 13 (12 POINTS) Calculate the following ratios for your company for the most recent year reported. Show all calculations. Ratio Ratio Current Ratio Days Sales in Inventory Acid Test Ratio Total Asset Turnover Days Sales Uncollected Profit Margin Ratio Return on Total Assets Days to Cash