Check my wor Hat Company holds 75 percent of the common stock of Ties, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2017 and 2018: $ 2017 (935,000) 617.000 107.000 points eBook 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 incone Dividenda declared Retained earnings, 12/31 Print 3 2018 $1,065, 000) 657.000 134,000 (37,000) 47,000 (264,000) 20.000 $ (236,000) 8,000) (236,000 117,000 (507.000) DOO 157.000 374,000 731.000 162,000 $1,618,000 (124,000) (534,000) 168,000) 147,000) 1238.000 (507.000) $11,618,000) Cash 3 47.000 (164,000 26,000 $ (138,000) 317,000) (130.000) 67.000 $ 388.000) 000 184,000 217.000 657.000 184,000 5 1,339,000 $ 159,000 (417,000) (49,000) (132,000) (194,000) (388,000) (1,339,000) Accounts receivable Inventory Buildings and equipment (net) Databases Totalt hccounts payable Bonds payable Noncontrolling interest in Ties Coron stock Maicional paid-in capital Retained earnings Total liabilities and equities er 6 Homework Saved Help Save & Exit Su Check my wa Retained earnings Total liabilities and equities (388,000) $11,339,000) 1507,000) $11,618,000) Additional Information for 2018 eBook The parent issued bonds during the year for cash. Amortization of databases amounts to $22.000 per year. The parent sold a building with a cost of $94.000 but a $47.000 book value for cash on May 11. . The subsidiary purchased equipment on July 23 for $233,000 in cash. Late in November, the parent issued stock for cash. . During the year, the subsidiary paid dividends of $36,000. Both parent and subsidiary pay dividends in the same year as declared. Print References 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: MC 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 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