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 $ 42,800 Gain on sale of machinery $ 2,700 Increase in inventory 7,800 Cash received from sale of machinery 10,900 Depreciation expense 6,800 Increase in accounts payable 2,900 Cash received from issuing stock 10,800 Net income 51,000 Cash paid for dividends 3,800 Decrease in accounts receivable 5,800

\begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Statement of Cash Flows (Indirect Method) } \\ \hline \multicolumn{1}{|c|}{ For Current Year Ended December 31 } & \\ \hline Cash flows from operating activities & & \\ \hline & & \\ \hline Adjustments to reconcile net income to net cash provided by operating activities & & \\ \hline Income statement items not affecting cash & & \\ \hline & & \\ \hline & & \\ \hline Changes in current operating assets and liabilities & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline Cash flows from investing activities & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from financing activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}