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 $43,000 8,000 7,000 11,000 4,000 Gain on sale of machinery cash received from sale of machinery Increase in accounts payable Net income Decrease in accounts receivable $ 2,750 11,000 3,000 53,000 6,000 VPICO Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 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 Depreciation expense Gain on sale of machinery $ 23.000 Changes in current operating assets and liabilities Increase in inventory Decrease in accounts receivable increase in accounts payable VPI CO. Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 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 Depreciation expense Gain on sale of machinery 23,000 ces Changes in current operating assets and liabilities increase in inventory Decrease in accounts receivable Increase in accounts payable $ 23,000 Cash flows from investing activities Cash received from issuing stock Cash paid for dividends 0 Cash flows from financing activities