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

$$41,400$ Gain on sale of machinery

$6,400$ Cash received from sale of machinery

$5,400$ Increase in accounts payable

$9,400$ Net income

$2,400$ Decrease in accounts receivable

$$2,350$

$10,200$

$2,200$

$37,000$

$4,400$