Use the following information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the indirect method. Note: 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 Cash flows from operating activities VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Changes in current operating assets and liabilities $ 43,600 8,600 7,600 11,600 4,600 Adjustments to reconcile net income to net cash provided by perating activities Income statement items not affecting cash Cash flows from investing activities Gain on sale of machinery Cash received from sale of machinery Increase in accounts payable Net income Decrease in accounts receivable Cash flows from financing activities Proy 1 of 12 --- $ 2,900 11,300 3,300 59,000 6,600 Next

Use the following information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign