Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2017 and 2018: $ 2017 (860,000) 602,000 92,000 0 32,000 (134,000) 11,000 (123,000) S Revenues Cost of goods sold Depreciation and amortization Gain on sale of building Interest expense Consolidated net income to noncontrolling interest to parent company Retained earnings, 1/1 Net income Dividends declared Retained earnings, 12/31 Cash Accounts receivable Inventory Buildings and equipment (net) Databases Total assets Accounts payable Bonds payable Noncontrolling interest in Rivera Common stock Additional paid-in capital Retained earnings Total liabilities and equities $ (302,000) (123,000) 52,000 $ (373, 000) 82,000 154,000 202,000 642.000 154,000 $ 1,234,000 $ (142,000) (402,000) (34,000) (104,000) (179,000) (373,000) $(1,234,000) 2018 $ (990,000) 642,000 104,000 (22,000) 32,000 (234,000) 13,000 $ (221,000) $ (373.000) (221,000) 102,000 $ (492,000) $ 154,000 142,000 344.000 696.000 147.000 $ 1,483,000 $ (104,000) (504,000) (43,000) (132,000) (208,000) (492,000) $(1,483,000) Additional Information for 2018 The parent issued bonds during the year for cash. Amortization of databases amounts to $7,000 per year. The parent sold a building with a cost of $64,000 but a $32,000 book value for cash on May 11. The subsidiary purchased equipment on July 23 for $183,000 in cash. Late in November, the parent issued stock for cash. . During the year, the subsidiary paid dividends of $20,000. 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 AND CONSOLIDATED SUBSIDIARY RIVERA 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 AND CONSOLIDATED SUBSIDIARY RIVERA Consolidated Statement of Cash Flows Year Ending December 31, 2018 Cash from operating activities: Adjustment from accrual to cash: Net cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Cash, January 1, 2018 Cash, December 31, 2018