12-10A

Condensed financial data of Odgers Inc. follow.

ODGERS INC. Comparative Balance Sheets December 31
Assets	2014	2013
Cash	$126,856	$75,988
Accounts receivable	137,846	59,660
Inventory	176,625	161,475
Prepaid expenses	44,588	40,820
Long-term investments	216,660	171,130
Plant assets	447,450	380,725
Accumulated depreciation	(78,500	)	(81,640	)
Total	$1,071,525		$808,158
Liabilities and Stockholders Equity
Accounts payable	$160,140	$105,661
Accrued expenses payable	25,905	32,970
Bonds payable	172,700	229,220
Common stock	345,400	274,750
Retained earnings	367,380		165,557
Total	$1,071,525		$808,158

ODGERS INC. Income Statement Data For the Year Ended December 31, 2014
Sales revenue	$609,882
Less:
Cost of goods sold	$212,672
Operating expenses, excluding depreciation	19,484
Depreciation expense	73,005
Income taxes	42,830
Interest expense	7,426
Loss on disposal of plant assets	11,775	367,192
Net income	$242,690

Additional information:

1.	New plant assets costing $157,000were purchased for cash during the year.
2.	Old plant assets having an original cost of $90,275and accumulated depreciation of $76,145were sold for $2,355cash.
3.	Bonds payable matured and were paid off at face value for cash.
4.	A cash dividend of $40,867was declared and paid during the year.

Further analysis reveals that accounts payable pertain to merchandise creditors.

Prepare a statement of cash flows for Odgers Inc. using the direct method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

ODGERS INC. Statement of Cash Flows For the Year Ended December 31, 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Sale of Plant AssetsPurchase of Plant AssetsFor Income TaxesFor Operating ExpensesSale of Common StockFor InterestPurchase of InvestmentsPayment of Cash DividendsRedemption of BondsCash Receipts from CustomersTo Suppliers	$
AddLess:Redemption of BondsPurchase of InvestmentsPurchase of Plant AssetsSale of Plant AssetsCash PaymentsCash Receipts from CustomersTo SuppliersSale of Common StockFor InterestFor Income TaxesPayment of Cash DividendsFor Operating Expenses
To SuppliersCash PaymentsPurchase of InvestmentsSale of Plant AssetsFor InterestPurchase of Plant AssetsSale of Common StockPayment of Cash DividendsFor Operating ExpensesRedemption of BondsCash Receipts from CustomersFor Income Taxes	$
Cash PaymentsCash Receipts from CustomersTo SuppliersFor Income TaxesSale of Common StockPurchase of Plant AssetsPurchase of InvestmentsFor Operating ExpensesFor InterestPayment of Cash DividendsRedemption of BondsSale of Plant Assets
For Income TaxesSale of Plant AssetsPayment of Cash DividendsSale of Common StockCash PaymentsCash Receipts from CustomersFor Operating ExpensesRedemption of BondsPurchase of InvestmentsTo SuppliersPurchase of Plant AssetsFor Interest
Purchase of InvestmentsTo SuppliersCash Receipts from CustomersPurchase of Plant AssetsFor Income TaxesSale of Common StockCash PaymentsFor InterestPayment of Cash DividendsFor Operating ExpensesRedemption of BondsSale of Plant Assets
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Sale of Common StockPayment of Cash DividendsRedemption of BondsPurchase of Plant AssetsFor Operating ExpensesTo SuppliersCash Receipts from CustomersCash PaymentsSale of Plant AssetsFor Income TaxesFor InterestPurchase of Investments
For Income TaxesPayment of Cash DividendsFor InterestPurchase of InvestmentsCash PaymentsPurchase of Plant AssetsCash Receipts from CustomersTo SuppliersFor Operating ExpensesSale of Plant AssetsSale of Common StockRedemption of Bonds
Purchase of Plant AssetsSale of Common StockPurchase of InvestmentsPayment of Cash DividendsFor Income TaxesRedemption of BondsFor Operating ExpensesSale of Plant AssetsFor InterestCash PaymentsTo SuppliersCash Receipts from Customers
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Sale of Common StockRedemption of BondsPurchase of InvestmentsCash Receipts from CustomersTo SuppliersFor Income TaxesFor InterestFor Operating ExpensesSale of Plant AssetsPurchase of Plant AssetsPayment of Cash DividendsCash Payments
Payment of Cash DividendsPurchase of InvestmentsRedemption of BondsSale of Common StockCash PaymentsCash Receipts from CustomersPurchase of Plant AssetsFor Operating ExpensesFor Income TaxesTo SuppliersFor InterestSale of Plant Assets
Payment of Cash DividendsPurchase of InvestmentsFor InterestPurchase of Plant AssetsCash Receipts from CustomersCash PaymentsSale of Plant AssetsSale of Common StockTo SuppliersRedemption of BondsFor Income TaxesFor Operating Expenses
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash	$