I need help with a Accounting question. All explanations and answers will be used to help me learn.
Condensed financial data of Odgers Inc. follow. ODGERS INC. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total Liabilities and Stockholders’ Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 2014 $ 130,088 141,358 181,125 45,724 222,180 458,850 (80,500 ) 2013 $ 77,924 61,180 165,589 41,860 175,490 390,425 (83,720 ) $1,098,825 $828,748 $ 164,220 26,565 177,100 354,200 376,740 $ 108,353 33,810 235,060 281,750 169,775 $1,098,825 $828,748 ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $625,421 Less: Cost of goods sold $218,091 Operating expenses, excluding 19,980 depreciation Depreciation expense 74,865 Income tax expense 43,921 Interest expense 7,615 Loss on disposal of plant assets 12,075 376,547 Net income $ 248,874 Additional information: 1. New plant assets costing $161,000 were purchased for cash during the year. Old plant assets having an original cost of $92,575 and accumulated depreciation of $78,085 were 2. sold for $2,415 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $41,909 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.