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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
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.) IN Help 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.) 02.030 9,600 Canh balance at prior year-end Increase in inventory Depreciation expense Cash received from swing utoek Canh paid for dividends $40,200 5,200 4,200 8,200 1,200 Cain on sale of machinery can received from sale of machinery Increase in accounts payable Not Income Decrease in accounts receivable 25,000 3.200 VPICO Statement of Canh Flowe (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 5 0 Cash flows from Investing activities 0 Cash flows from financing activities VPI CO. 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 $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 0
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