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Anderson, Inc. has owned 70% of its subsidiary, Arthur Corp.. for several years. The consolidated balance sheets of Anderson. Inc. and Arthur Corp. are presented

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Anderson, Inc. has owned 70% of its subsidiary, Arthur Corp.. for several years. The consolidated balance sheets of Anderson. Inc. and Arthur Corp. are presented below: Additional information for 2011: The combination occurred using the acquisition method Consolidated net income was $50,000 The noncontrolling interest share of consolidated net income of Arthur was $3, 200 Arthur paid $4.000 in dividends There were no disposals of plant & equipment or copyright this year Net cash flow from financing activities was

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