Transcribed image text : 3 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 142,000 on sale of ach $2,300 Increase in inventory 7 Cash received from sale of y 6,00 Increase in accounts payable 14, et come 34,90 2,0 Depreciation expense Cash received from iting stock Cathat for Eividends 11, 1,000 10s in acunts receisable Far Carret Cashows from operating activities Arded by orga re not affecting nah Changes Cashews from inge omn VEICOMPANY Cash Flows bette Ended Uncert 3 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 $2,700 10,900 Depreciation expense $ 42,800 Gain on sale of machinery 7,800 cash received from sale of machinery 6,808 Increase in accounts payable 10,800 Net income. 2,900 Cash received from issuing stock Cash paid for dividends $1,000 3,8e Decrease in accounts receivable 5,800 VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcie net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilites 00:36:03 Use the following Information of VPI Company to prepare a statement of cash flows for the yea method. (Amounts to be deducted should be Indicated by a minus sign.) $ 42,800 Gain on sale of machinery Cash balance at prior year-end Increase in inventory Depreciation expense 7,888 Cash received from sale of machine 6,800 Increase in accounts payable 10,800 Net income Cash received from issuing stock Cash paid for dividends 3,800 Decrease in accounts receivable VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 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 Cash flows from financing activities $ S 3 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.) $ 42,800 Gain on sale of machinery $ 2,700 Cash balance at prior year-end Increase in Inventory Depreciation expense 7,800 10,000 6,800 Cash received from sale of machinery Increase in accounts payable 2,900 2 00:33:08 10,800 Net income $1,000 Cash received from issuing stock Cash paid for dividends 3,800 Decrease in accounts receivable 5,000 VPI COMPANY Statement of Cash Flows (indirect Method) For Current Year Ended December 31 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 abilities VI COMPANY Statement of Cash Flows podrest Method For Current Year Ended December 11 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activ income statement items not affecting cust Changes in curtent operating ass and lates Cash flows from investing activities Cash flows from financing activities $ 0 Use the following Information of VPI Company to prepare a statement of cash f method. (Amounts to be deducted should be indicated by a minus sign.) Cash balance at prior year-end Increase in inventory Depreciation expense $ 42,800 Gain on sale of mac 7,800 Cash received from 6,800 Increase in account 10,800 Net income Cash received from issuing stock Cash paid for dividends 3,800 Decrease in account VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 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 Cash flows from financing activities Use the following Information of VPI Company to prepare a statement of cash flows method. (Amounts to be deducted should be Indicated by a minus sign.) Cash balance at prior year-end Increase in inventory Depreciation expense $ 42,800 Gain on sale of machin 7,888 Cash received from sale 6,800 Increase in accounts pa 10,800 Net income Cash received from issuing stock Cash paid for dividends 3,800 Decrease in accounts re VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 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 Cash flows from financing activities Saved ny to prepare a statement of cash flows for the year ended December 31 using the be Indicated by a minus sign.) $ 2,788 10,900 $ 42,800 Gain on sale of machinery 7,800 Cash received from sale of machinery 6,800 Increase in accounts payable 10,800 Net income. 2,900 $1,000 5,800 3,800 Decrease in accounts receivable VPI COMPANY of Cash Flows (Indirect Method) ent Year Ended December 31 provided by operating activities es $ $ + 0 0 0 0 3 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 142,800 $ 2,700 Gain on sale of machinery 7,00 Cash received from sale of machinery 10,000 Depreciation expense 6,00 Increase in accounts payable 2,900 Cash received from istaleg stock 10,000 Net Income 11,000 Cash paid for dividends 3.500 Decrease in accounts receivable VPI COMPANY Statement of Cash Flows derect Method For Current Year Ended December 21 Cash flows from operating activities Adjustments to resonate net income to net cash provided by operating activit Changes in unent operating and Cash flows from investing activites Cash flows hom financing sites 002444 1