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Use the following table for questions from 19 to 32 Galaxy United, Inc. 2012 Income Statement Net sales $614,100 Less: Cost of goods sold 521,400

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Use the following table for questions from 19 to 32 Galaxy United, Inc. 2012 Income Statement Net sales $614,100 Less: Cost of goods sold 521,400 Less: Depreciation 11.200 Earnings before interest and taxes 81,500 Less: Interest paid 10,100 Taxable income $71,400 Less: Taxes 28,900 Net income $42.500 Galaxy United, Inc. 2011 and 2012 Balance Sheets 2011 2012 $128.600 5134,700 147,548 135,500 125,000 140,000 2011 2012 Cash $17,000 $16,500 Accounts payable Accounts rec. 54,100 56,700 Long-term debt Inventory 189.400 186,700 Common stock Sub-total $260,500 $259,900 Retained earnings Net fixed assets 261,300 282,100 Total $521,800 $542.000 Total *The par value of the common stock is $1 per share. 120.700 131.800 $521,800 $542.000 22. What is the cash flow from assets for 2012? Operatina non

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