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Bolero Company holds 75 percent of the common stock of Rivera, Inc, and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements

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Bolero Company holds 75 percent of the common stock of Rivera, Inc, and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2020 and 2021 (credit balances indicated by parentheses) Bolero Company and Consolidated Subsidiary Rivera 2020 2021 Revenues $ (955,800) $ (1, 085, 600) Cost of goods sold 621,000 661, 090 Depreciation and amortization 111, 000 142, 090 Gain on sale of building 41, 000 Interest expense 51,000 51,600 Consolidated net income (172, 000) 272, 900) to noncontrolling interest 30, 060 32, 000 to parent company $ (142,000) $ (240, 800) Retained earnings, 1/1 (321,800) (392, 008) Net income (142, 080) 240, 000 Dividends declared 71,800 121,690 Retained earnings, 12/31 $ (392,080) (511, 080) Cash 101, 060 202, 600 Accounts receivable 192,000 161,600 nces Inventory 221,600 382,000 Buildings and equipment (net) 661, 000 743,090 Databases 192, 000 166, 090 Total assets $ 1, 367,608 $ 1,654,000 Accounts payable (163,060) (132, 090) Bonds payable (421, 060) (542, 000) Noncontrolling interest in Rivera (53, 000) (72,000) Common stock (140, 080) (151,008) Additional paid-in capital (198, 080) 246,090) Retained earnings 392,000) (511, 080) Total liabilities and equities $ (1, 367,060) $ (1,654, 000) Additional Information for 2021 The parent issued bonds during the year for cash. Amortization of databases amounts to $26,000 per year . The parent sold a building with a cost of $102,000 but a $51,000 book value for cash on May 11 . The subsidiary purchased equipment on July 23 for $249.000 in cash. . Late in November, the parent issued stock for cash. . During the year, the subsidiary paid dividends of $52,000. 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, 2021. Use the indirect method to compute cash flow from operating activities. (Negative amounts and amounts to be deducted should be indicated by a minus sign.) BOLERO COMPANY AND CONSOLIDATED SUBSIDIARY RIVERA Consolidated Statement of Cash Flows

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