Problem 12-10A

Prepare a statement of cash flows for Odgers Inc. using the direct method. (Show amounts that decrease cash flow with either a - sign ag -15,000 or in parenthesis eg. (15,000).) Condensed financial data of Odgers Inc. follow. Additional information: 1.New plant assets costing $141,000 were purchased for cash during the year. 2.Old plant assets having an original cost of $81,075 and accumulated depreciation of $68,385 were sold for $2,115 cash. 3.Bonds payable matured and were paid off at face value for cash. 4.A cash dividend of $36,703 was declared and paid during the year