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(Solved) ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue$749,728 Less:


ODGERS INC.

Income Statement Data

For the Year Ended December 31, 2014

Sales revenue$749,728

Less:     Cost of goods sold$261,438

     Operating expenses, excluding depreciation23,951

     Depreciation expense89,745

     Income tax expense52,650

     Interest expense9,129

     Loss on disposal of plant assets14,475

451,388

Net income$ 298,340


Additional information:


1.New plant assets costing $193,000 were purchased for cash during the year.2.Old plant assets having an original cost of $110,975 and accumulated depreciation of $93,605 were sold for $2,895 cash.3.Bonds payable matured and were paid off at face value for cash.4.A cash dividend of $50,239 was declared and paid during the year.

Prepare a statement of cash flows using the indirect method

Statement of Cash Flows

For the Year Ended December 31, 2014

 

Cash at Beginning of Period

Cash at End of Period

Cash Flows from Financing Activities

Cash Flows from Investing Activities

Cash Flows from Operating Activities

Net Cash Provided by Financing Activities

Net Cash Provided by Investing Activities

Net Cash Provided by Operating Activities

Net Cash used by Financing Activities

Net Cash used by Investing Activities

Net Cash used by Operating Activities

Net Decrease in Cash

Net Increase in Cash

    

Increase in Accounts Payable    

Increase in Inventory    

Increase in Accounts Receivable    

Decrease in Inventory    

Increase in Prepaid Expenses    

Loss on Disposal of Plant Assets    

Decrease in Accounts Receivable    

Decrease in Accounts Payable    

Sale of Plant Assets    

Depreciation Expense    

Decrease in Accrued Expenses Payable    

Increase in Accrued Expenses Payable    

Decrease in Prepaid Expenses    

Purchase of Investments    

Purchase of Plant Assets    

Sale of Common Stock    

Payment of Cash Dividends    

Redemption of Bonds    

Net Income    

$

Adjustments to reconcile net income to

 

Cash at Beginning of Period

Cash at End of Period

Cash Flows from Financing Activities

Cash Flows from Investing Activities

Cash Flows from Operating Activities

Net Cash Provided by Financing Activities

Net Cash Provided by Investing Activities

Net Cash Provided by Operating Activities

Net Cash used by Financing Activities

Net Cash used by Investing Activities

Net Cash used by Operating Activities

Net Decrease in Cash

Net Increase in Cash

    

Purchase of Investments    

Purchase of Plant Assets    

Decrease in Accrued Expenses Payable    

Sale of Common Stock    

Decrease in Prepaid Expenses    

Net Income    

Payment of Cash Dividends    

Increase in Inventory    

Redemption of Bonds    

Increase in Accrued Expenses Payable    

Increase in Accounts Payable    

Depreciation Expense    

Decrease in Accounts Receivable    

Sale of Plant Assets    

Decrease in Accounts Payable    

Loss on Disposal of Plant Assets    

Increase in Prepaid Expenses    

Decrease in Inventory    

Increase in Accounts Receivable    

$

    

Increase in Accounts Payable    

Increase in Accounts Receivable    

Increase in Prepaid Expenses    

Sale of Common Stock    

Decrease in Accounts Receivable    

Purchase of Investments    

Sale of Plant Assets    

Redemption of Bonds    

Payment of Cash Dividends    

Net Income    

Purchase of Plant Assets    

Depreciation Expense    

Decrease in Accounts Payable    

Decrease in Prepaid Expenses    

Decrease in Accrued Expenses Payable    

Loss on Disposal of Plant Assets    

Increase in Accrued Expenses Payable    

Increase in Inventory    

Decrease in Inventory    


    

Redemption of Bonds    

Increase in Accounts Receivable    

Decrease in Accrued Expenses Payable    

Payment of Cash Dividends    

Purchase of Investments    

Depreciation Expense    

Net Income    

Increase in Accounts Payable    

Sale of Common Stock    

Decrease in Accounts Receivable    

Decrease in Accounts Payable    

Increase in Prepaid Expenses    

Decrease in Inventory    

Loss on Disposal of Plant Assets    

Decrease in Prepaid Expenses    

Sale of Plant Assets    

Increase in Accrued Expenses Payable    

Increase in Inventory    

Purchase of Plant Assets    


    

Sale of Common Stock    

Increase in Prepaid Expenses    

Purchase of Plant Assets    

Decrease in Prepaid Expenses    

Decrease in Accrued Expenses Payable    

Purchase of Investments    

Payment of Cash Dividends    

Redemption of Bonds    

Increase in Accrued Expenses Payable    

Increase in Accounts Receivable    

Sale of Plant Assets    

Increase in Accounts Payable    

Loss on Disposal of Plant Assets    

Decrease in Accounts Payable    

Net Income    

Depreciation Expense    

Increase in Inventory    

Decrease in Inventory    

Decrease in Accounts Receivable    


    

Sale of Common Stock    

Decrease in Accounts Receivable    

Purchase of Plant Assets    

Payment of Cash Dividends    

Increase in Accounts Receivable    

Sale of Plant Assets    

Loss on Disposal of Plant Assets    

Decrease in Inventory    

Decrease in Prepaid Expenses    

Increase in Inventory    

Redemption of Bonds    

Net Income    

Depreciation Expense    

Purchase of Investments    

Decrease in Accrued Expenses Payable    

Increase in Accounts Payable    

Decrease in Accounts Payable    

Increase in Accrued Expenses Payable    

Increase in Prepaid Expenses    


    

Increase in Accrued Expenses Payable    

Increase in Prepaid Expenses    

Decrease in Prepaid Expenses    

Increase in Accounts Receivable    

Decrease in Accounts Receivable    

Decrease in Accounts Payable    

Loss on Disposal of Plant Assets    

Sale of Plant Assets    

Decrease in Accrued Expenses Payable    

Purchase of Investments    

Net Income    

Depreciation Expense    

Sale of Common Stock    

Increase in Inventory    

Payment of Cash Dividends    

Decrease in Inventory    

Purchase of Plant Assets    

Redemption of Bonds    

Increase in Accounts Payable    


    

Increase in Accounts Receivable    

Decrease in Accounts Receivable    

Purchase of Plant Assets    

Decrease in Accounts Payable    

Sale of Common Stock    

Decrease in Prepaid Expenses    

Increase in Prepaid Expenses    

Decrease in Inventory    

Increase in Inventory    

Loss on Disposal of Plant Assets    

Purchase of Investments    

Decrease in Accrued Expenses Payable    

Increase in Accrued Expenses Payable    

Payment of Cash Dividends    

Sale of Plant Assets    

Redemption of Bonds    

Net Income    

Depreciation Expense    

Increase in Accounts Payable    



    

Cash at Beginning of Period    

Cash at End of Period    

Cash Flows from Financing Activities    

Cash Flows from Investing Activities    

Cash Flows from Operating Activities    

Net Cash Provided by Financing Activities    

Net Cash Provided by Investing Activities    

Net Cash Provided by Operating Activities    

Net Cash used by Financing Activities    

Net Cash used by Investing Activities    

Net Cash used by Operating Activities    

Net Decrease in Cash    

Net Increase in Cash    


 

Cash at Beginning of Period

Cash at End of Period

Cash Flows from Financing Activities

Cash Flows from Investing Activities

Cash Flows from Operating Activities

Net Cash Provided by Financing Activities

Net Cash Provided by Investing Activities

Net Cash Provided by Operating Activities

Net Cash used by Financing Activities

Net Cash used by Investing Activities

Net Cash used by Operating Activities

Net Decrease in Cash

Net Increase in Cash

 


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