Use the following information of VPI Company 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 $ 43,400 Gain on sale of machinery 8,400 Cash received from sale of machinery 7,400 Increase in accounts payable 11,400 Net income 4,400 Decrease in accounts receivable VPI COMPANY Statement of Cash Flows (Indirect Method) $ 2,850 11,200 3,200 57,000 6,400 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 Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in accounts receivable $ 57,000 $ 57,000 Depreciation expense Gain on sale of machinery Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in accounts receivable Cash flows from investing activities Gain on sale of machinery Cash flows from financing activities $ 57,000 0 $ 57,000 $ 57,000 0