Use the following information of VPI Co. to prepare a statement of cash flows for...
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Accounting
Use the following information of VPI Co. 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 | $ | 40,800 | Gain on sale of machinery | $ | 2,200 | |||
| Increase in inventory | 5,800 | Cash received from sale of machinery | 9,900 | |||||
| Depreciation expense | 4,800 | Increase in accounts payable | 1,900 | |||||
| Cash received from issuing stock | 8,800 | Net income | 31,000 | |||||
| Cash paid for dividends | 1,800 | Decrease in accounts receivable | 3,800 | |||||
Vpi co
statement of cash flows (indirect method)
for current year ended December 31
cash flows from operating activities
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