Condensed financial data of Odgers Inc. follow. ODGERS INC Comparative Balance Sheets December 31 2013 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2014 $ 131,704 143,114 183,375 46,292 224,940 464,550 $ 78,892 61,940 167,646 42,380 77,670 395,275 (81,500 ) (84,760) $1,112,475 $839,04.3 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payablee Bonds payable Common stock Retained earning:s Total $ 166,260 26,895 179,300 358,600 381,420 $1,112,475 $ 109,699 34,230 237,980 285,250 171,884 $839,04.3 ODGERS INC Income Statement Data For the Year Ended December 31, 2014 $633,190 Sales revenue Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $220,800 20,228 75,795 44,466 7,710 12,225 381,224 $ 251,966 Net income