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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.) Cash balance at prior year and Increase in Inventory Depreciation expense Cash received from issuing stock Cash paid for dividends $42,600 7,600 6.600 10,600 3,600 Gin on sale of machinery Cash received from sale of machinery Increase in accounts payable Net Income Decrease in accounts receivable $ 2,650 10,000 2,800 49,00 5,600 5 49,000 VPICO Statement of Cash Flows (indirect Method) Por Current Year Ended December 31 Cash flows from operating activities Net income Adjustments to reconcileri income to notch provided by operating activities Income statement items not affecting cash Loptation ponse fecrease in wwentory increase in accounts payable Changes in coberting assets and abilities increase in accounts receivable 3 5.000 7600 2.000
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