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 $ 43,800 Gain on sale of machinery 8,800 Cash received from sale of machinery: Increase in accounts payable 7,800 11,800 Net income 4,800 Decrease in accounts receivable $ 2,950 11,400 3,400 61,000 6,800 VPI COMPANY Statement of Cash Flows (Indirect Method) Cash flows from operating activities For Current Year Ended December 31 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities: Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities $ 0 0 0 $ 0 $ 0