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Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect method.
Cash balance at prior year-end $43,600 Gain on sale of machinery $2,900
Increase in inventory 8,600 Cash received from sale of
machinery 11,300
Depreciation expense 7,600 Increase in accounts payable 3,300
Cash received from issuing stock 11,600 Net income 59,000
Cash paid for dividends 4,600 Decrease in accounts
receivable 6,600
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Use the following information of VPI Co. to prepare a statement of cash flows for the year ended Dec...
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