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 $43,20 Gain on sale of machinery Cash received from sale of 8,209 machinery be 5 2,880 Increase in inventory 11,100 Depreciation expense Cash received from issuing stock 11,200 Cash paid for dividends 7,200 Increase in accounts payable 3,100 55,868 6,200 Net income 4,286 Decrease in accounts receivable ces VPI CO Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Net income 55,000 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense 7,200 Changes in current operating assets and liabilities 6,200 Decrease in accounts receivable (8,200) ncrease in inventory ncrease in accounts payable 3,100 Net cash provided by operating activities $ 60,500 Cash flows from investing activities Cash received from sale of machinery 11,100 Net cash provided by investing activities 11,100 Cash flows from financing activities Cash received from issuing stock 11,200 Cash paid for dividends (4,200) Net cash provided by financing activities 7,000 Net increase in cash 78,600 Cash balance at prior year-end Cash balance at current year-end 78,600