Chapter $12$

Cash balance at prior year$-$end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends

$ $$40,000$ Gain on sale of machinery

$5,000$ Cash received from sale of machinery

$4,000$ Increase in accounts payable

$8,000$ Net income

$1,000$ Decrease in accounts receivable

$2,000$

$9,500$

$1,500$

$23,000$

$3,000$

VPI COMPANY

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$5$ of $9$