Problem 12-9A Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets 2014 2013 Cash $ 147,864 $ 88,572 Accounts receivable 160,674 69,540 Inventory 205,875 188,216 Prepaid expenses 51,972 47,580 Long-term investments 252,540 199,470 Plant assets 521,550 443,775 Accumulated depreciation (91,500 ) (95,160 ) Total $1,248,975 $941,993 Liabilities and Stockholders’ Equity Accounts payable $ 186,660 $ 123,159 Accrued expenses payable 30,195 38,430 Bonds payable 201,300 267,180 Common stock 402,600 320,250 Retained earnings 428,220 192,974 Total $1,248,975 $941,993 ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $710,882 Less: Cost of goods sold $247,892 Operating expenses, excluding depreciation 22,710 Depreciation expense 85,095 Income tax expense 49,922 Interest expense 8,656 Loss on disposal of plant assets 13,725 428,000 Net income $ 282,882 Additional information: 1. New plant assets costing $183,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $105,225 and accumulated depreciation of $88,755 were sold for $2,745 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $47,636 was declared and paid during the year. Prepare a statement of cash flows using the indirect 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 $ $ $ [removed] .