Condensed financial data of Odgers Inc. follow.

ODGERS INC. Comparative Balance Sheets December 31
Assets		2014			2013
Cash		$ 181,800			$ 108,900
Accounts receivable		197,550			85,500
Inventory		253,125			231,413
Prepaid expenses		63,900			58,500
Long-term investments		310,500			245,250
Plant assets		641,250			545,625
Accumulated depreciation		(112,500	)		(117,000	)
Total		$1,535,625			$1,158,188
Liabilities and Stockholders Equity
Accounts payable		$ 229,500			$ 151,425
Accrued expenses payable		37,125			47,250
Bonds payable		247,500			328,500
Common stock		495,000			393,750
Retained earnings		526,500			237,263
Total		$1,535,625			$1,158,188

ODGERS INC. Income Statement Data For the Year Ended December 31, 2014
Sales revenue				$874,035
Less:
Cost of goods sold		$304,785
Operating expenses, excluding depreciation		27,923
Depreciation expense		104,625
Income taxes		61,380
Interest expense		10,643
Loss on disposal of plant assets		16,875		526,231
Net income				$ 347,804

Additional information:

1.		New plant assets costing $225,000 were purchased for cash during the year.
2.		Old plant assets having an original cost of $129,375 and accumulated depreciation of $109,125 were sold for $3,375 cash.
3.		Bonds payable matured and were paid off at face value for cash.
4.		A cash dividend of $58,567 was 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).)