Can you all show me the step by step work to help me calculate the correct dollar amounts, so I can prepare a worksheet for a consolidated statement of cash flows for 20X3 using the indirect method that make up Part A of Requirement, please? Can you all show the work, please? This way, I can understand what you did to calculate and get all the dollar amounts.

Can you all show me the step by step work to help me calculate the correct dollar amounts, so I can prepare a worksheet for a consolidated statement of cash flows for 20X3 that make up Part B of Requirement, please? Can you all show the work, please? This way, I can understand what you did to calculate and get all the dollar amounts.

Protecto Corporation purchased 80 percent of Strand Company's outstanding shares on January 1, 20X1, for $44,800 more than book value. At that date, the fair value of the noncontrolling interest was $11,200 more than 20 percent of Strand's book value. The full amount of the differential is considered related to patents and is being amortized over an eight-year period. In 20x1, Strand purchased a piece of land for $40,000 and later in the year sold it to Protecto for $55,000. Protecto is still holding the land as an investment. During 20X3, Protecto bonds with a value of $115,000 were exchanged for equipment valued at $115,000. On January 1, 20X3, Protecto held inventory purchased previously from Strand for $42,500. During 20X3, Protecto purchased an additional $95,000 of goods from Strand and held $48,000 of this inventory on December 31, 20X3. Strand sells merchandise to the parent at cost plus a 25 percent markup. Strand also purchases inventory items from Protecto. On January 1, 20X3, Strand held inventory it had previously purchased from Protecto for $15,750, and on December 31, 20X3, it held goods it had purchased from Protecto for $9,800 during 20X3. Strand's total purchases from Protecto in 20x3 were $26,000. Protecto sells inventory to Strand at cost plus a 40 percent markup. The consolidated balance sheet at December 31, 20X2, contained the following amounts: Credit Debit $ 96,000 150,000 130,000 73,000 450,000 42,000 Cash Accounts Receivable Inventory Land Buildings and Equipment Patents Accumulated Depreciation Accounts Payable Bonds Payable Noncontrolling Interest Common Stock Retained Earnings Totals $213,000 174,300 95,000 48,700 130,000 280,000 $941,000 $941,000 The consolidation worksheet below was prepared on December 31, 20X3. All consolidation entries and adjustments have been entered properly in the worksheet. Protecto accounts for its investment in Strand using the fully adjusted equity method. PROTECTO CORPORATION AND STRAND COMPANY Consolidation Worksheet December 31, 20X3 Consolidation Entries Protecto Corporation Strand Company DR CR Consolidated Income Statement Sales $ 430,000 $ 250,000 $ 559,000 $ 95,000 26,000 Less: Cost of Goods Sold (310,000) (150,000) (338,400) $ 8,500 85,400 4,500 23,200 (27,500) (17,500) 7,000 (45,000) (7,000) (68,000) (35,000) (33,000) 33,220 $ 92,720 $ 47,500 Less: Depreciation Expense Less: Amortization Expense Less: Other Expense Income from Strand Co. Consolidated Net Income NCI in Net Income of Strand Controlling Interest in Net Income Statement of Retained Earnings Beginning Balance Net Income Less: Dividends Declared Ending Balance 38,820 $166,820 9,280 $176,100 5,600 $127,200 1,400 $128, 600 $ 100,600 (7,880) $ 92,720 $ 92,720 $ 47,500 $170,000 176, 100 $ 280,000 92,720 (55,000) $ 317,720 $ 170,000 47,500 (22,000) $ 195,500 $128,600 22,000 $150,600 $ 280,000 92,720 (55,000) $ 317,720 $346,100 Balance Sheet Assets Cash Accounts Receivable Inventory $ 27,500 80,600 120, 300 $36,500 40,600 90,500 $ 64,000 121,200 198,400 $ 9,600 2,800 Patent Investment in Subsidiary 35,000 a 205,920 $ 35,000 12,000 6,800 4,500 201,220 28,000 Land Buildings and Equipment Less: Accumulated Depreciation 73,000 370,000 (168,000) 20,500 240,000 (90,000) 15,000 72,500 78,500 537,500 (185,500) 72,500 Total Assets $ 709,320 $ 338,100 $130,800 $329,120 $ 849,100 Liabilities & Equity Accounts Payable Bonds Payable Common Stock Retained Earnings NCI in NA of Strand $ 123,600 138,000 130,000 317,720 $ 15,600 72,000 55,000 195,500 $ 55,000 346,100 3,000 1,700 $405,800 $ 139,200 210,000 130,000 317,720 52,180 $150,600 49,880 7,000 $207,480 Total Liabilities & Equity $ 709,320 $ 338,100 $ 849, 100 Required: a. Prepare a worksheet for a consolidated statement of cash flows for 20X3 using the indirect method. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.) PROTECTO CORPORATION AND SUBSIDIARY Consolidated Cash Flow Worksheet Year Ended December 31, 20X3 Consolidation Entries Balance Debit Credit 1/1/X3 Item Balance 12/31/X3 Assets Cash Accounts receivable Inventory Land Buildings and equipment Less: Accumulated depreciation Patents Total Assets Liabilities & Equity Accounts payable Bonds payable Common stock Retained earnings Noncontrolling interest Total Liabilities & Equity Cash Flows from Operating Activities: Consolidated net income Amortization expense Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Cash Flows from Investing Activities: Purchase of land Acquisition of buildings and equipment from bond issue Purchase of buildings and equipment Cash Flows from Financing Activities: Dividends Paid: To Protecto Corp. shareholders To noncontrolling shareholders Issuance of bonds for buildings and equipment Decrease in cash b. Prepare a consolidated statement of cash flows for 20X3. (Amounts to be deducted should be indicated with a minus sign.) PROTECTO CORPORATION AND SUBSIDIARY Consolidated Statement of Cash Flows Year Ended December 31, 20X3 Cash Flows from Operating Activities: Adjustments for noncash items: Changes in operating assets and liabilities: Cash Flows from Investing Activities: Cash Flows from Financing Activities: Dividends Paid: Cash balance at beginning of year Cash balance at end of year