12-9A

Problem 12-9A Condensed financial data of Odgers Inc. follow.

ODGERS INC. Comparative Balance Sheets December 31
Assets	2014	2013
Cash	$178,568	$106,964
Accounts receivable	194,038	83,980
Inventory	248,625	227,299
Prepaid expenses	62,764	57,460
Long-term investments	304,980	240,890
Plant assets	629,850	535,925
Accumulated depreciation	(110,500	)	(114,920	)
Total	$1,508,325		$1,137,598
Liabilities and Stockholders Equity
Accounts payable	$225,420	$148,733
Accrued expenses payable	36,465	46,410
Bonds payable	243,100	322,660
Common stock	486,200	386,750
Retained earnings	517,140		233,045
Total	$1,508,325		$1,137,598

ODGERS INC. Income Statement Data For the Year Ended December 31, 2014
Sales revenue	$858,497
Less:
Cost of goods sold	$299,367
Operating expenses, excluding depreciation	27,426
Depreciation expense	102,765
Income tax expense	60,289
Interest expense	10,453
Loss on disposal of plant assets	16,575	516,875
Net income	$341,622

Additional information:

1.	New plant assets costing $221,000were purchased for cash during the year.
2.	Old plant assets having an original cost of $127,075and accumulated depreciation of $107,185were sold for $3,315cash.
3.	Bonds payable matured and were paid off at face value for cash.
4.	A cash dividend of $57,527was declared and paid during the year.

Prepare a statement of cash flows using the indirect method