Chapter 50. On June 30, 2018 Plaster, Inc., paid 5916,000 for 10 percent of S oc company's outstanding stock. Plaster assessed the acquisition date fair value of the 20 $229,000. At acquisition date Stucco reported the following book valu r olling interest at values for i t s and liabilities Cash $ 60.000 Accounts receivable... 127.000 Inventory 203.000 65,000 Buildings 175.000 Equipment 300.000 Accounts payable... (35 000 On June 30, Plaster allocated the excess acquisition date fair value over book value to Stucce's assets as follows: Equipment (3-year remaining life).... $ 75.000 Database (10-year remaining )... 175.000 At the end of 2018, the following comparative (2017 and 2018) balance sheets and consolidated income statement were available: Plaster, Inc. December 31, 2017 $ 43.000 362,000 415.000 300,000 245.000 1.800.000 Cash.. Accounts receivable (net)... Inventory Land Buildings (net).......... Equipment (net) .... Database Total assets.. Accounts payable Long-term brities ... Common stock...... Noncontrolling interest ..... Retained earnings Total abilities and equities..... Consolidated December 31, 2018 $ 242.850 485.400 720.000 365,000 370,000 2,037.500 166 250 $4,387,000 $ 107.000 1.200.000 1.800,000 255,500 1,024,500 $4387,000 $3.165.000 $ 80,000 400.000 1.800.000 885.000 $3.165.000 $1.217.500 PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2018 Revenues............. Cost of goods sold...... $737.500 Depreciation ... 187,500 Database amortization. 8.750 Interest and other expenses. 9.750 Consolidated net income 943,500 $ 274,000 Additional Information for 2018 On December 1. Stucco paid a $40,000 dividend. During the year, Plaster paid $100,000 in dividends. . During the year, Plaster issued $800,000 in long-term debt at par. Plaster reported no asset purchases or dispositions other than the acquisition of Stucco. Prepare a 2018 consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from operating activities