Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary’s convertible bonds. The following consolidated financial statements are for 2014 and 2015:

Additional Information for 2015
• The parent issued bonds during the year for cash.
• Amortization of databases amounts to $15,000 per year.
• The parent sold a building with a cost of $80,000 but a $40,000 book value for cash on May 11.
• The subsidiary purchased equipment on July 23 for $205,000 in cash.
• Late in November, the parent issued stock for cash.
• During the year, the subsidiary paid dividends of $10,000. Both parent and subsidiary pay dividends in the same year as declared.
Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2015. (Use indirectmethod)

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Bolero Company and Consolidated Subsidiary Rivera 2014 2015 Revenues Cost of goods sold Depreciation and amortization Gain on sale of building Interest expense Consolidated net income S (900,000) $(1,030,000 650,000 120,000 (30,000 40,000 (250,000 21,000 S (131,000) (229,000) 610,000 100,000 40,000 (150,000) 19,000 to parent company. . Retained earnings, 1/1 Net income Dividends declared S (310,000) (381,000) (229,000 110,000 S (381,000) (500,000 $180,000 150,000 360,000 710,000 155,000 $ 1,555,000 $(160,000) (110,000) (520,000) (61,000) (140,000) (224,000) (500,000) (131,000) 60,000 Retained earnings, 1231 Cash Accounts receivable. Inventory S 90,000 170,000 210,000 650,000 170,000 1,290,000 Databases Total assets Accounts payable. Bonds payable Noncontrolling interest in Rivera . Common stock (410,000) (42,000) (110,000) (187,000) (381,000) Additional paid-in capital Retained eamings Total liabilities and equities $ 1,290,000) S(1,555,000)