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i can not fill in blanks on right side please advise how to fill in thank you roblem 12-9A Condensed financial data of Odgers Inc.
i can not fill in blanks on right side please advise how to fill in thank you
roblem 12-9A Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 Cash 2013 $ 151,904 $ 90,992 Accounts receivable 165,064 71,440 Inventory 211,500 193,358 53,392 48,880 Long-term investments 259,440 204,920 Plant assets 535,800 455,900 Accumulated depreciation (94,000 ) (97,760 ) Prepaid expenses Total $1,283,100 $967,730 $ 191,760 $ 126,524 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable 31,020 39,480 Bonds payable 206,800 274,480 Common stock 413,600 329,000 Retained earnings Total 439,920 198,246 $1,283,100 $967,730 ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $730,305 Less: Cost of goods sold $254,665 Operating expenses, excluding depreciation 23,331 Depreciation expense 87,420 Income tax expense 51,286 Interest expense 8,892 Loss on disposal of plant assets Net income 14,100 439,694 $ 290,611 Additional information: 1. New plant assets costing $188,000 were purchased for cash during the year. Old plant assets having an original cost of $108,100 and accumulated depreciation of 2. $91,180 were sold for $2,820 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $48,937 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 Adjustments to reconcile net income to Net Cash Provided by Operating Activities $ Decrease in Accrued Expenses Payable Increase in Inventory Increase in Accounts Receivable Depreciation Expense Loss on Disposal of Plant Assets Increase in Prepaid Expenses Increase 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 Investing 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 PeriodStep by Step Solution
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