Sun Corporation was created on January 1, 20X2, and quickly became successful. On January 1, 20X6, the owner sold 80 percent of the stock to Weatherbee Company at underlying book value. Weatherbee continued to operate the subsidiary as a separate legal entity and used the equity method in accounting for its investment in Sun Corporation. The following consolidated financial statements have been prepared as of December 31, 20X6:

During 20X6. Sun Corporation reported net income of \(\$ 60,000\) and paid dividends of \(\$ 20,000\);
Weatherbee Company reported net income of \(\$ 148,000\) and paid dividends of \(\$ 65,000\). There were no intercompany transfers during the period.

\section*{Required}
Prepare a workpaper for a consolidated statement of cash flows for \(20 \mathrm{X} 6\).

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Cash Accounts Receivable Weatherbee Company and Subsidiary Consolidated Balance Sheets Inventory Land Buildings and Equipment Less: Accumulated Depreciation Total Assets Accounts Payable Bonds Payable Noncontrolling Interest Common Stock January 1, 20X6 December 31, 20X6 $ 54.000 121,000 230,000 95,000 $ 75,000 111,000 360,000 100,000 650,000 800,000 (290,000) $1,010,000 $ 90,000 300,000 30,000 300,000 (230,000) $1,066,000 $ 105,000 250,000 38,000 300.000 Retained Earnings 290,000 373,000 Total Liabilities and Owners' Equity $1,010,000 $1,066,000