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Use the following information of VPI Company to prepare a statement of cash flows for...

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Accounting

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
$41,200 Gain on sale of machinery
6,200 Cash received from sale of machinery
5,200 Increase in accounts payable
9,200 Net income
2,200
Decrease in accounts receivable
$2,300
10,100
2,100
35,000
4,200
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