Comparative consolidated balance sheet data for Iverson, Incorporated, and its $80$ percentowned subsidiary Oakley Company follow:Accounts$20242023$Cash$ $13,050$$ $11,650$Accounts receivable $($net$)47,40026,000$Merchandise inventory$82,25035,250$Buildings and equipment $($net$)91,200105,500$Trademark$108,000132,000$Totals$ $341,900$$ $310,400$Accounts payable$ $83,000$$ $66,000$Notes payable, long$-$term$027,200$Noncontrolling interest$48,50041,000$Common stock, $$10$ par$200,000200,000$Retained earnings $($deficit$)10,400(23,800)$Totals$ $341,900$$ $310,400$Additional Information for Fiscal Year $2024$Iverson and Oakleys consolidated net income was $$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 $2024$ consolidated statement of cash flows for Iverson Company: