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

	2021				2020
Cash	$	13,050			$	11,650
Accounts receivable (net)		47,400				26,000
Merchandise inventory		82,250				35,250
Buildings and equipment (net)		91,200				105,500
Trademark		108,000				132,000
Totals	$	341,900			$	310,400
Accounts payable	$	83,000			$	66,000
Notes payable, long-term		0				27,200
Noncontrolling interest		48,500				41,000
Common stock, $10 par		200,000				200,000
Retained earnings (deficit)		10,400				(23,800	)
Totals	$	341,900			$	310,400

Additional Information for Fiscal Year 2021

• Iverson and Oakleys consolidated net income was $53,500.
• Oakley paid $4,000 in dividends during the year. Iverson paid $11,000 in dividends.
• Oakley sold $13,000 worth of merchandise to Iverson during the year.
• There were no purchases or sales of long-term assets during the year.

In the 2021 consolidated statement of cash flows for Iverson Company:

Net cash flows from operating activities were:

• $34,000.

• $13,100.

• $17,000.

• $40,400.