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 $117,000 81,000 $174,000 93,000 Accounts Receivable Merchandise Inventory Equipment Accumulated Depreciation: Equipment Total Assets 609,000 333,000 (156.000) $1,053,000 534,000 297,000 (102.000) $927,000 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 $96,000 $ 69,000 24,000 558,000 162,000 87,000 $927,000 27,000 582,000 198,000 177,000 $1,053,000 Galley Corporation Income Statement For the Year Ended December 31, 2018 $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 S( 54,000) (501.000) (555.000) $243,000 (42,000) $201,000 Net Income 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