Assets Liabilities and Equity Cash $ 10.000 Accrued payables $ 90.000 Inventory 140.000 Bonds payable 100,000 Fixed assets (net) 5:10,000 Common stock ($10 par) 200,000 Retained earnings 300,000 Total assets $690,000 Total liabilities and equity $690,000 Consolidated net income for 2011 was $155,889. Badco declared and paid dividends of $10,000 and Lazytoo declared and paid dividends of $5,000. There were no purchases or sales of property, plant, and equipment during the year. At the end of 2011, the following information was also available: Badco Company 12/31/10 Consolidated 12/31/11 Debits Credits Debits Credits Cash 390,000 $ 63,500 Inventory 190,000 454,000 Fixed Assets 750,000 1,385,555 Accrued payables 150,000 111,000 Bonds payable 200,000 600,000 Noncontrolling interest 73.055 Common Stock, ($10 par) 200,000 200,000 Additional paid-in-capital 550.000 550.000 Retained earnings 230.000 369.000 Total $1.330,000 $1.350.000 $1.903.055 $1.903.055 Required: Prepare a consolidated statement of cash flows using the indirect method for Badco and its subsidiary for the year ended December 31, 2011