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 Cash received from issuing stock Cash paid for dividends Depreciation expense Cash flows from operating activities Net income $ 43,600 Gain on sale of machinery. 8,600 Cash received from sale of machinery 7,600 Increase in accounts payable 11,600 Net income 4,600 Decrease in accounts receivable VPI COMPANY Statement of Cash Flows (Indirect Method) 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 $ 2,900 11,300 3,300 59,000 6,600