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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 Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends $40,00 5,400 4,400 8.400 1,400 Gain on sale of machinery Cash received from sale of machinery Increase in accounts payable Net income Decrease in accounts receivable $ 2,100 9.700 1,700 22.000 3,400 VPICO Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Not income Adjustments to reconcile not income to not cash provided by operating activities Income statement des not affecting cash Depreciation expense 0 0 Changes in current operating assets and liabilities $ 4.400 Cash flows from investing activities Prey 1 of 10 :: Next > Lasn Thows from operaung activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense 0 Changes in current operating assets and liabilities $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 0 Prey 1 of 10 Next >

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