#5

Pear Corporation acquired 75 percent ownership of Suger Compony on Jonuary 1, 20X1, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 25 percent of the book value of Suger Company. Consolidated balance sheets at Jonuory 1,203, and December 31,203, are os follows: The consolidated income statement for 203 contoined the following omounts: Peor and Sugar poid dividends of $39,000 and $29,000, respectively, in 203. Required: a. Prepore o worksheet to develop o consolidoted stotement of cash flows for 203 using the indirect method of computing cash flows from operations. b. Prepere o consolidated statement of cosh flows for 203. b. Prepore o consolidoted statement of cash flows for 203. Complete this question by entering your answers in the tabs below. Prepare a worksheet to develop a consolidated statement of cash flows for 203 using the indirect method of computing cash nows from operations. Note: Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Complete this question by entering your answers in the tabs below. Prepare a consolidated statement of cash flows for 203. Note: Amounts to be deducted should be indicated with a minus sign