Andies Co. held 80% of the common stock of Breaver Inc. and 40% of this subsidiary's convertible bonds. the following consolidated financial statements were for 2010 and 2011.

	2010	2011
Revenues	$ 1,064,000	$ 1,232,000
Cost of goods sold	(714,000)	(756,000)
Depreciation and amortization	(126,000)	(140,000)
Gain on sale of building	-	28,000
Interest expense	(42,000)	(42,000)
Non-controlling interest	12,600	15,400
Net income to controlling interest	169,400	306,600
Retained earnings, January 1	$ 420,000	$ 519,400
Net income (from above)	169,400	306,600
Dividends paid	(70,000)	(140,000)
Retained earnings, December 31	519,400	686,000
Cash	$ 112,000	$ 196,000
Accounts receivable	210,000	196,000
Inventory	280,000	476,000
Buildings and equipment (net)	896,000	966,000
Database	210,000	203,000
Total assets	1,708,000	2,037,000
Accounts payable	$ 196,000	$ 140,000
Bonds payable	560,000	720,000
Non-controlling interest	44,800	57,400
Common stock	140,000	168,000
Additional paid-in capital	247,800	265,600
Retained earnings, December 31	519,400	686,000
Total liabilities and stockholders' equity	1,708,000	2,037,000

Additional Information:

1. Bonds were issued during 2011 by the parent for cash.

2. Amortization of a database acquired in the original combination amounted to $7,000 per year.

3. A building with a cost of $84,000 but a $42,000 book value was sold by the parent for cash on May 11, 2011.

4. Equipment was purchased by the subsidiary on July 23, 2011, using cash.

5. Late in November 2011, the parent issued common stock for cash.

6. During 2011, the subsidiary paid dividends of $14,000.

Required:

Prepare a consolidated statement of cash flows (indirect method) for this business combination for the year ending December 31, 2011.