Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percentowned subsidiary Oakley Co. follow:

	2018				2017
Cash	$	8,450			$	16,050
Accounts receivable (net)		70,500				50,000
Merchandise inventory		104,850				65,250
Buildings and equipment (net)		90,700				103,000
Trademark		97,000				116,500
Totals	$	371,500			$	350,800
Accounts payable	$	93,450			$	79,250
Notes payable, long-term		0				33,800
Noncontrolling interest		64,050				57,250
Common stock, $10 par		200,000				200,000
Retained earnings (deficit)		14,000				(19,500	)
Totals	$	371,500			$	350,800

Additional Information for Fiscal Year 2018

• Iverson and Oakleys consolidated net income was $55,500.
• Oakley paid $6,000 in dividends during the year. Iverson paid $14,000 in dividends.
• Oakley sold $11,500 worth of merchandise to Iverson during the year.
• There were no purchases or sales of long-term assets during the year.

In the 2018 consolidated statement of cash flows for Iverson Company:

Net cash flows from operating activities were

Multiple Choice

• $28,400.

• $41,400.

• $14,100.

• $14,200.