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Use the following information of VPI 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 VPI 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 Therease in inventory Depreciation expenso Cash received from issuing stock Cash paid for dividends $41,000 6,000 5,000 9,000 2,000 Gain on sale of machinery Cash received from sale of machinery Increase in accounts payable Net income Decrease in accounts receivable $ 2,250 10,000 2,000 33,000 4,000 poed Book Print ferences VPICO Statement of Cash Flown (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 0 ed Cash flows from investing activities ok 0 ht Cash flows from financing activities $ 0 0

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