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Comparative consolidated balance sheet data for BIG Co and its 65% owned subsidiary LITTLE co are as follow: Item 2020 2019 Cash 12,000 25,000 Notes

Comparative consolidated balance sheet data for BIG Co and its 65% owned subsidiary LITTLE co are as follow:

 

Item

2020

2019

Cash

12,000

25,000

Notes receivables (net)

60,000

43,000

Supplies inventory

90,000

50,000

PPE  (net)

100,000

110,000

Patent

90,000

105,000

Totals

352,000

352,000

Accounts  payable

80,000

68,000

Notes payable LT

5000

30,000

Non  controlling  interests

44,000

40,000

Common  stock 10 $ par

205,000

205,000

Retained  earnings

18,000

(10,000)

Totals

352,000

352,000

 

 

Additional  information :

The  consolidated net  income  for  2020 is 50,000 $.

Little paid  10,000 $  in dividends during the year. Big paid  17,000 $ in dividends.

Little sold  16,000 $  of supplies to  Big during the year.

There were no  sales or purchases of  long term assets during  the year.

 

Required :


Compute the consolidated cash-flows  from  operating  activities using indirect  method.

Compute  the  consolidated  cash-flows from  investing activities

Compute the consolidated cash-flows from financing  activities.

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