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 $ 40,400 Gain on sale of machinery 5,400 Cash received from sale of machinery 4,400 Increase in accounts payable 8,400 Net income. 1,400 Decrease in accounts receivable VPI COMPANY Statement of Cash Flows (Indirect Method) Cash flows from operating activities Net income For Current Year Ended December 31 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 Decrease in accounts receivable Increase in inventory Increase in accounts payable $ 2,100 9,700 1,700 27,000 3,400 Cash flows from investing activities Cash flows from financing activities: $ 0 0 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 55 Decrease in accounts receivable Increase in inventory Increase in accounts payable Cash flows from investing activities Cash flows from financing activities $ 0 0 $ 0 $ 0 0 Revo Company reports average total assets of $200,000, revenue of $63,000, net income of $21,000, and cash flow from operations of $26,000. (1) Compute its cash flow on total assets. (2) Is Revo's cash flow on total assets better than the 8% for its competitor, Epix Company? 040 (1) Cash flow on total assets (2) Is Revo's cash flow on total assets better than the 8% for its competitor, Epix Company? % Russell Company reports sales revenue of $33,600 and interest revenue of $8,600. Its comparative balance sheet shows that accounts receivable decreased $7,600 and interest receivable increased $1,900. Compute cash provided by operating activities using the direct method. (Amounts to be deducted should be indicated by a minus sign.) Cash Receipts from Operations (Direct) Cash provided by operating activities