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

	2021				2020
Cash	$	19,500			$	19,950
Accounts receivable (net)		42,200				22,000
Merchandise inventory		106,550				49,750
Buildings and equipment (net)		101,400				121,000
Trademark		105,000				126,000
Totals	$	374,650			$	338,700
Accounts payable	$	91,200			$	70,500
Notes payable, long-term		0				26,100
Noncontrolling interest		67,700				59,500
Common stock, $10 par		200,000				200,000
Retained earnings (deficit)		15,750				(17,400	)
Totals	$	374,650			$	338,700

Additional Information for Fiscal Year 2021

• Iverson and Oakleys consolidated net income was $56,750.
• Oakley paid $7,000 in dividends during the year. Iverson paid $14,000 in dividends.
• Oakley sold $15,900 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: