Condensed financial data of Odgers Inc. followPrepare 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 p

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Condensed financial data of Odgers Inc. follow

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).)

Additional information:

1.New plant assets costing $175,000 were purchased for cash during the year.

2.Old plant assets having an original cost of $100,625 and accumulated depreciation of $84,875 were sold for $2,625 cash.

3.Bonds payable matured and were paid off at face value for cash.

4.A cash dividend of $45,552 was declared and paid during the year.

Further analysis reveals that accounts payable pertain to merchandise creditors.

Condensed financial data of Odgers Inc. followPrepare 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 p
Question 4 Condensed financial data of Odgers Inc. follow. ODGERS INC.Comparative Balance SheetsDecember 31 Assets 2014 2013 Cash $ 141,400 $ 84,700 Accounts receivable 153,650 66,500 Inventory 196,875 179,988 Prepaid expenses 49,700 45,500 Long-term investments 241,500 190,750 Plant assets 498,750 424,375 Accumulated depreciation (87,500 (91,000 Total $1,194,375   $900,813   Liabilities and Stockholders’ Equity Accounts payable $ 178,500 $ 117,775 Accrued expenses payable 28,875 36,750 Bonds payable 192,500 255,500 Common stock 385,000 306,250 Retained earnings 409,500   184,538   Total $1,194,375   $900,813   ODGERS INC.Income Statement DataFor the Year Ended December 31, 2014 Sales revenue $679,805 Less:      Cost of goods sold $237,055      Operating expenses, excluding depreciation 21,718      Depreciation expense 81,375      Income taxes 47,740      Interest expense 8,278      Loss on disposal of plant assets 13,125 409,291 Net income $ 270,514 Additional information: 1. New plant assets costing $175,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $100,625 and accumulated depreciation of $84,875 were sold for $2,625 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $45,552 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 FlowsFor the Year Ended December 31, 2014 EAT_1342614808683_0_9180296863143562_006 EAT_1342614808683_0_9180296863143562_016 592,655 EAT_1342615306689_0_14769375819187802 : EAT_1342615321220_0_18715713304495496 EAT_1342614808683_0_9180296863143562_034 60,725 EAT_1342614808683_0_9180296863143562_049 47,740 EAT_1342614808683_0_9180296863143562_064 33793 EAT_1342614808683_0_9180296863143562_079 8,278 150,536 EAT_1342614808683_0_9180296863143562_098 442,129

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