I need help doing this question but using the direct method..... yes!using the direct method. I know the document said indirect.

Problem 12-9A Your answer is partially correct. Try again. Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 Cash $ 80,800 $ 48,400 87,800 38,000 112,500 102,850 28,400 26,000 Long-term investments 138,000 109,000 Plant assets 285,000 242,500 Accumulated depreciation (50,000 ) (52,000 ) Accounts receivable Inventory Prepaid expenses Total 2013 $682,500 $514,750 $ 102,000 $ 67,300 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable 16,500 21,000 Bonds payable 110,000 146,000 Common stock 220,000 175,000 Retained earnings 234,000 105,450 $682,500 $514,750 Total ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $388,460 Less: Cost of goods sold $135,460 Operating expenses, excluding depreciation 12,410 Depreciation expense 46,500 Income tax expense 27,280 Interest expense 4,730 Loss on disposal of plant assets 7,500 Net income 233,880 $ 154,580 Additional information: 1. New plant assets costing $100,000 were purchased for cash during the year. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were 2. sold for $1,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $26,030 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 $ 154580 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 $ (4500) (9650) (49800) 46500 7500 Increase in Prepaid Expenses (2400) Increase in Accounts Payable 34700 22350 Net Cash Provided by Operating Activities 176930 Cash Flow s from Investing Activities Purchase of Investments (29000) Purchase of Plant Assets (100000) Sale of Plant Assets 1500 Net Cash used by Investing Activities (127500) Cash Flow s from Financing Activities Redemption of Bonds Sale of Common Stock Payment of Cash Dividends Net Cash used by Financing Activities (36000) 45000 (26030) (17030) Net Increase in Cash 32400 Cash at Beginning of Period 48400 Cash at End of Period LINK TO TEXT $ 80800