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 $42,800 7,800 6,800 10,800 3,800 Gain on sale of machinery Cash received from sale of machinery Increase in accounts payable Net Income Decrease in accounts receivable $ 2.700 10.900 2.900 51.000 5,600 51,000 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 Increase in inventory Changes in current operating assets and abilities increase in accounts payable Decrease in accounts receivable 5 8,800 (2.700) (7.600) 2,900 5,800 S 4 6.800 (2.700) (7.600) Depreciation expense Gain on sale of machinery Increase in inventory Changes in current operating assets and liabilities Increase in accounts payable Decrease in accounts receivable 2.900 5,800 Dints $ 56,000 10.900 Cash flows from investing activities Gain on sale of machinery Increase in inventory 10,500 Cash flows from financing activities Cash received from issuing stock Cash paid for dividends 10.800.00 (3,800) 7,000 3.200 70.100 $ Net cash provided by financing activities Net Increase in cash Cash balance at current year-end Cash balance at prior year-end 42.800 112.900