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Use the following information of VP Co to prepare a statement of cash flows for the year ended December 31 using the Indirect method. (Amounts

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Use the following information of VP Co 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 $42,00 7,600 10,80 Gain on sale of machinery Cash received from sale of sachinery Increase in accounts payable Net income Decrease in accounts receivable Depreciation expense 6,60 cash received from issuing stock 10,00 Cash paid for dividends 3.se 49, Bee Sybee VPCO Statement of c o w indirect Method For Current Year End Deceber 31 Cash now from operating activities Adjuments to reconcile net incomo t cash provided by Cash flows from hinancing activities

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