QS 16-18 (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 541,200 Gain on sale of wachinery $ 2,900 tcrease inventory 200 Cach received from wale of chinery 11,100 Depreciation experie 2,200 Pcrease in accounts payable 3100 Cash received fro ung stoc 11,200 Net income 55,000 Capald for dividends 4,200 Decrease in accounts receivable 0,200 VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities encome Adjustments to reconoce tone cash provided by contes Incomentam not affecting cash Chicorings and be Cash flows from investing activities Cash fows from financing activites VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Net Income Adjustments to reconcle net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and abilities $ 0 Cashflows from investing activities Cashflows from inancing stivities