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can you please help i have done the left side of the problem i dont know how to figure out the answers for the right

can you please help i have done the left side of the problem i dont know how to figure out the answers for the right side my classmate said i was doing it incorrectly

image text in transcribed Problem 12-9A Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 Cash 2013 $ 193,112 $ 115,676 Accounts receivable 209,842 90,820 Inventory 268,875 245,812 67,876 62,140 329,820 260,510 Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 681,150 579,575 (119,500 ) (124,280 ) $1,631,175 $1,230,253 $ 243,780 $ 160,847 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable 39,435 50,190 Bonds payable 262,900 348,940 Common stock 525,800 418,250 Retained earnings Total 559,260 252,026 $1,631,175 $1,230,253 ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $928,419 Less: Cost of goods sold $323,749 Operating expenses, excluding depreciation Depreciation expense 29,660 111,135 Income tax expense 65,199 Interest expense 11,305 Loss on disposal of plant assets 17,925 Net income 558,973 $ 369,446 Additional information: 1. New plant assets costing $239,000 were purchased for cash during the year. Old plant assets having an original cost of $137,425 and accumulated depreciation of 2. $115,915 were sold for $3,585 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $62,212 was declared and paid during the year. Prepare a statement of cash flows using the indirect 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 Flow s from Operating Activities $ Net Income 369,446 Adjustments to reconcile net income to Net Cash Provided by Operating Activities $ Increase in Accrued Expenses Payable Increase in Inventory Increase in Accounts Receivable Depreciation Expense Loss on Disposal of Plant Assets Increase in Prepaid Expenses Decrease in Accounts Payable Net Cash Provided by Operating Activities Cash Flow s from Investing Activities Purchase of Investments Purchase of Plant Assets Sale of Plant Assets Net Cash used by Financing Activities Cash Flow s from Financing Activities Redemption of Bonds Sale of Common Stock Payment of Cash Dividends Net Cash used by Financing Activities Net Increase in Cash Cash at Beginning of Period $ Cash at End of Period

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