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 Increase in inventory $40,400 Gain on sale of machinery $2,100 5,400 Depreciation expense 4,400 Cash received from sale of machinery Increase in accounts payable 9,700 1,700 Cash received from issuing stock 8,400 Net income 27,000 Cash paid for dividends 1,400 Decrease in accounts receivable 3,400 VPI CO. Statement of Cash Flows (Indirect Method) Cash flows from operating activities Net income For Current Year Ended December 31 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Increase in accounts payable Gan on sale of machinery Changes in current operating assets and liabilities Decrease in accounts receivable Increase in inventory Increase in accounts payable S 0 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Increase in accounts payable Gain on sale of machinery Changes in current operating assets and liabilities Decrease in accounts receivable Increase in inventory Increase in accounts payable Cash flows from investing activities Cash received from sale of machinery Cash flows from financing activities Cash received from issuing stock Cash paid for dividends Cash Net cash provided by financing activities Net increase in cash Cash balance at prior year-end Cash balance at current year-end $ 0 0 0 0 0