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	$	43,400			Gain on sale of machinery	$	2,850
Increase in inventory		8,400			Cash received from sale of machinery		11,200
Depreciation expense		7,400			Increase in accounts payable		3,200
Cash received from issuing stock		11,400			Net income		57,000
Cash paid for dividends		4,400			Decrease in accounts receivable		6,400