QS 12-18 (Algo) Indirect: Preparing statement of cash flows LO P2, P3 Use the following information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash balance at prior year-end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends $ 40,400 Gain on sale of machinery 5,400 Cash received from sale of machinery 4,400 Increase in accounts payable 8,400 Net income 1,400 Decrease in accounts receivable. VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 $ 2,100 9,700 1,700 27,000 3,400 ces Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities $ < Previ 5 of 11 Next >