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This question is more than 80% complete. Im stumped and would like some help Problem 12-10A Your answer is partially correct. Try again. Condensed financial

This question is more than 80% complete. Im stumped and would like some help

image text in transcribed Problem 12-10A Your answer is partially correct. Try again. Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 Cash 2013 $ 172,912 $ 103,576 Accounts receivable 187,892 81,320 Inventory 240,750 220,099 60,776 55,640 Long-term investments 295,320 233,260 Plant assets 609,900 518,950 Prepaid expenses Accumulated depreciation Total (107,000 ) (111,280 ) $1,460,550 $1,101,565 $ 218,280 $ 144,022 35,310 44,940 Bonds payable 235,400 312,440 Common stock 470,800 374,500 Retained earnings 500,760 225,663 $1,460,550 $1,101,565 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Total ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $831,304 Less: Cost of goods sold $289,884 Operating expenses, excluding depreciation 26,557 Depreciation expense 99,510 Income taxes 58,379 Interest expense 10,122 Loss on disposal of plant assets 16,050 Net income 500,502 $ 330,802 Additional information: 1. New plant assets costing $214,000 were purchased for cash during the year. Old plant assets having an original cost of $123,050 and accumulated depreciation of 2. $103,790 were sold for $3,210 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $55,705 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).) ODGERS INC. Statement of Cash Flows For the Year Ended December 31, 2014 EAT_1342614808 Cash Flow s from Operating Activities $ EAT_1342614808 Cash Receipts from Customers 724732 EAT_1342615306 Less : EAT_1342615321 Cash Payments $ EAT_1342614808 To Suppliers 236277 EAT_1342614808 For Income Taxes EAT_1342614808 For Operating Expenses EAT_1342614808 For Interest 10122 346101 EAT_1342614808 378631 Net Cash Provided by Operating Activities EAT_1342614808 Cash Flow s from Investing Activities EAT_1342614808 Sale of Plant Assets 3210 EAT_1342614808 Purchase of Plant Assets -214000 EAT_1342614808 Purchase of Investments -62060 EAT_1342614808 -272850 Net Cash used by Investing Activities EAT_1342614808 Cash Flow s from Financing Activities EAT_1342614808 Sale of Common Stock 96300 EAT_1342614808 Payment of Cash Dividends EAT_1342614808 Redemption of Bonds EAT_1342614808 Net Cash used by Financing Activities EAT_1342614808 Net Increase in Cash EAT_1342614808 Cash at Beginning of Period EAT_1342614808 Cash at End of Period 103576 $

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