ne Tollowing Inrormauon Was ODtainea Trom Gaiena company\'s comparative palance

Question

ne Tollowing Inrormauon Was ODtainea Trom Gaiena company's comparative palance sheet 1112 End Beginning Session B-Principles of Year of Year 16 17 ial Accounting apter 1 hapter 2 hapter 3 Chapter 4 Chapter 5 $26,600 $12,600 49,000 77,000 68600 11,200 29400 47,600 Accounts receivable Inventory Prepaid rent 61,600 49 21 22 8,400 Finish attem Long term investments 29,400 47600 210,000 148,400 Plant assets Accumulated depreciation (56,000) Accounts payable Income tax payable Common stock Retained earnings Capicel expenditures (44,300) 33,600 28,000 8,400 169,400128,800 148400 127,400 Chapter 6 Chapter 7 18,480 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Assume that Galena Company's income statement showed depreciation expense of $8.000, a gain on ale 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 and issued common stock for cash. The firm also declared and pard cash dvdends. what items and amounts will appear in (a the cash flow from Investing activitles an(b) the cash flow from financing activities sections of a statement of cash flows? n Chapter 12 Use a negative sign with cash outfow answers

Explanation / Answer

a) Cash flow from investing activities :

b) Cash flow from financing activities :

Purchase plant assets (61600) Sale of investment 27200

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