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Amoury Inc. purchased an 80% interest in Tameika Inc. on January 1, 2019, for $369,000 cash. The appraisal showed that some of Tameika Inc. equipment,
Amoury Inc. purchased an 80% interest in Tameika Inc. on January 1, 2019, for $369,000 cash. The appraisal showed that some of Tameika Inc. equipment, with a 5year estimated remaining life, was undervalued $37,500. The excess purchase price is attributed to goodwill. The following informition relates to the activities of the two firms for 2019 : (1) Tamek. Ins, issued 7,500 shares of common stock for $18 a share. (3) Amose line purchased production equipenent for $114,000 (4). Consoliduted net incorne was \$154,350; the NCTs share was $9,000. Required: The consolidated statement of cash flows for the year ended December 31, 2019, for Amoury Inc. and its subsidiary, Tameika Inc
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