833 Cashbalanceatprioryear-endIncreaseininventoryDepreciationexpenseCashreceivedfromissulngstockCashpaldfordividends$40,000Gainonsaleofmachinery5,000Cashreceivedfromsaleofmochinery4,000Increaseinaccountspayable8,000Netincome1,000Decreaseinaccountsreceivable VPICOMPANY Statement of Cash Flows (lndirect Method) For Current Year Ended December 31 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Bepreciation exponse Gain on sale of machinery Changes in current operating assets and liablitites. Decrease in accounts recetvable Tncrease in inventory Increase in accounts payable Net cash provided by operating activites Cash flows from investing activities Cash recelved from sale of machinery Cash flows from financing activities Cash recelved from issuing slock Cash paid for dividends Not cash provided by francing activities Cash balance at prior vear end Cach baiance at current yoar-ond