QS $16-18($Algo$)$ Indirect: Preparing statement of cash flows LO P$2,$ P$3$

VPI COMPANY

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

Cash balance at prior year$-$end: $$40,200$

Increase in inventory: $$5,200$

Depreciation expense: $$5,400$

Cash received from issuing stock: $$8,200$

Cash paid for dividends: $$1,200$

Gain on sale of machinery: $$2,050$

Cash received from sale of machinery: $$9,600$

Increase in accounts payable: $$1,600$

Net income: $$25,800$

Decrease in accounts receivable: $$3,200$