Question: Need some help figuring this out please. Can someone please complete this ACC/291 48566277 / Assignment: Week 5 Assignment *Problem 1210A Condensed financial data of

Need some help figuring this out please. Can someone please complete this

Need some help figuring this out please. Can someone please complete this

ACC/291 48566277 / Assignment: Week 5 Assignment *Problem 1210A Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 Cash 2013 $ 105,848 $ 63,404 Accounts receivable 115,018 49,780 Inventory 147,375 134,734 37,204 34,060 Longterm investments 180,780 142,790 Plant assets 373,350 317,675 Accumulated depreciation (65,500 ) (68,120 $894,075 $674,323 $ 133,620 $ 88,163 21,615 27,510 Bonds payable 144,100 191,260 Common stock 288,200 229,250 Retained earnings 306,540 138,140 $894,075 $674,323 Prepaid expenses Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Total ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $508,883 Less: Cost of goods sold $177,453 Operating expenses, excluding depreciation 16,257 Depreciation expense 60,915 Income taxes 35,737 Interest expense 6,196 Loss on disposal of plant assets 9,825 Net income 306,383 $ 202,500 Additional information: 1 . 2 . 3 . 4 . New plant assets costing $131,000 were purchased for cash during the year. Old plant assets having an original cost of $75,325 and accumulated depreciation of $63,535 were sold for $1,965 cash. Bonds payable matured and were paid off at face value for cash. A cash dividend of $34,100 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).)

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