Bolero Company holds 70 percent of the common stock of Rivera, Inc., and 30 percent of this subsidiarys convertible bonds. The following consolidated financial statements are for 2017 and 2018:

	2017				2018
Revenues	$	(965,000	)		$	(1,095,000	)
Cost of goods sold		623,000				663,000
Depreciation and amortization		113,000				146,000
Gain on sale of building		0				(43,000	)
Interest expense		53,000				53,000
Consolidated net income		(176,000	)			(276,000	)
to noncontrolling interest		32,000				34,000
to parent company	$	(144,000	)		$	(242,000	)
Retained earnings, 1/1	$	(323,000	)		$	(394,000	)
Net income		(144,000	)			(242,000	)
Dividends declared		73,000				123,000
Retained earnings, 12/31	$	(394,000	)		$	(513,000	)
Cash	$	103,000			$	206,000
Accounts receivable		196,000				163,000
Inventory		223,000				386,000
Buildings and equipment (net)		663,000				749,000
Databases		196,000				168,000
Total assets	$	1,381,000			$	1,672,000
Accounts payable	$	(165,000	)		$	(136,000	)
Bonds payable		(423,000	)			(546,000	)
Noncontrolling interest in Rivera		(55,000	)			(74,000	)
Common stock		(144,000	)			(153,000	)
Additional paid-in capital		(200,000	)			(250,000	)
Retained earnings		(394,000	)			(513,000	)
Total liabilities and equities	$	(1,381,000	)		$	(1,672,000	)

Additional Information for 2018

• The parent issued bonds during the year for cash.
• Amortization of databases amounts to $28,000 per year.
• The parent sold a building with a cost of $106,000 but a $53,000 book value for cash on May 11.
• The subsidiary purchased equipment on July 23 for $257,000 in cash.
• Late in November, the parent issued stock for cash.
• During the year, the subsidiary paid dividends of $50,000. Both parent and subsidiary pay dividends in the same year as declared.

Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2018. (Use indirect method) (Negative amounts and amounts to be deducted should be indicated by a minus sign.)

Bolero Company holds 70 percent of the common stock of Rivera, Inc., and 30 percent of this subsidiarys convertible bonds. The following consolidated financial statements are for 2017 and 2018:

	2017				2018
Revenues	$	(965,000	)		$	(1,095,000	)
Cost of goods sold		623,000				663,000
Depreciation and amortization		113,000				146,000
Gain on sale of building		0				(43,000	)
Interest expense		53,000				53,000
Consolidated net income		(176,000	)			(276,000	)
to noncontrolling interest		32,000				34,000
to parent company	$	(144,000	)		$	(242,000	)
Retained earnings, 1/1	$	(323,000	)		$	(394,000	)
Net income		(144,000	)			(242,000	)
Dividends declared		73,000				123,000
Retained earnings, 12/31	$	(394,000	)		$	(513,000	)
Cash	$	103,000			$	206,000
Accounts receivable		196,000				163,000
Inventory		223,000				386,000
Buildings and equipment (net)		663,000				749,000
Databases		196,000				168,000
Total assets	$	1,381,000			$	1,672,000
Accounts payable	$	(165,000	)		$	(136,000	)
Bonds payable		(423,000	)			(546,000	)
Noncontrolling interest in Rivera		(55,000	)			(74,000	)
Common stock		(144,000	)			(153,000	)
Additional paid-in capital		(200,000	)			(250,000	)
Retained earnings		(394,000	)			(513,000	)
Total liabilities and equities	$	(1,381,000	)		$	(1,672,000	)

Additional Information for 2018

• The parent issued bonds during the year for cash.
• Amortization of databases amounts to $28,000 per year.
• The parent sold a building with a cost of $106,000 but a $53,000 book value for cash on May 11.
• The subsidiary purchased equipment on July 23 for $257,000 in cash.
• Late in November, the parent issued stock for cash.
• During the year, the subsidiary paid dividends of $50,000. Both parent and subsidiary pay dividends in the same year as declared.

Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2018. (Use indirect method) (Negative amounts and amounts to be deducted should be indicated by a minus sign.)