Use the following intormation of VHI Company to prepare a statement of cash flows tor the year ended Vecember $31$ 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

$$41,600$ Gain on sale of machinery

$6,600$ Cash received from sale of machinery

$5,600$ Increase in accounts payable

$9,600$ Net income

$2,600$ Decrease in accounts receivable

$$2,400$

$10,300$

$2,300$

$39,000$

$4,600$

VPI COMPANY

Statement of Cash Flows $($Indirect Method$)$

For Current Year Ended December $31$

$\backslash$table$[[,$Cash flows from operating activities$],[$Adjustments to reconcile net income to net cash provided by operating activities,$],[$Income statement items not affecting cash,$],[,],[,],[$Changes in current operating assets and liabilities,$],[,],[,],[$Cash flows from investing activities,$],[,],[,],[$Cash flows from financing activities,$]]$