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 ped ook $ $ $ 2018 (990,000) 642.000 104,00 (22,000) 32,000 (234,000) 13,000 (221,000) (323,000) (221.000) 102,000 (492.000) 156.000 142.000 . 05.000 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 32.000 (134,000) 11.000 (123,000) (302.000) (123.000) 52.000 375,000) 52.000 154.000 202.000 42.000 $ $ 1.455.000 100.000 50.000 $ 1,234.000 142.000 402000 34.000 14.000 (179.000 1873,000 Help Save & Exit Check (221,00) 102.000 (492.869) $ $ 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 (123,000) 52,080 $ (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) (273,000) $ (1,234,600) 154.000 142,000 344,000 696,000 147,000 1.483.009 $ $ (164,000) (564,690) (43,000) (132,000) (208,000) (492,000) 5 (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 Check my 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.) 50 points BOLERO COMPANY AND CONSOLIDATED SUBSIDIARY RIVERA Consolidated Statement of Cash Flows Year Ending December 31, 2018 Cash from operating activities Skloped eBook Adjustment from accrual to cash References Net cash flow from operating activities Cash flows from investing activities Net cash low from investing activities