Problem129ACondensedfinancialdataofOdgersInc.follow.Assets2014Cash$1010002013$60500Accountsreceivable10975047500Inventory140625128563Prepaidexpenses3550032500Longterminvestments172500136250Plantassets356250303125Accumulateddepreciation(62500 )Total(65000 )$853125$643438$127500$84125LiabilitiesandStockholdersEquityAccountspayableAccruedexpensespayable2062526250Bondspayable137500182500Commonstock275000218750Retainedearnings292500131813$853125$643438TotalODGERSINC.IncomeStatementDataFortheYearEndedDecember312014Salesrevenue$485575Less:Costofgoodssold$169325Operatingexpensesexcludingdepreciation15513Depreciationexpense58125Incometaxexpense34100Interestexpense5913Lossondisposalofplantassets9375Netincome292351$193224