Following are the consolidated balance sheet accounts of Primer Incorporated and its subsidlary, Sore Corporation, as of December

$31,206$ and $205.$

Additional Information

On January $20,206,$ Primer issued $10,000$ shares of Its common stock for land having a fair value of $$215,000.$

On February $5,20$X$6,$ Primer relssued all of its treasury stock for $$44,000.$

On May $15,206,$ Primer paid a $$65,000$ cash dividend on its common stock.

On August $8,206,$ Primer purchased equipment for $$131,000.$

On September $30,206,$ Primer sold equipment for $$44,000.$ The equipment cost $$66,000$ and had a carrylng amount of $$38,000$

on the date of sale.

On December $15,206,$ Sore pald a cash dividend of $$57,000$ on its common stock.

Sore recognized goodwill impalrment loss of $$3,000$ in $206.$

Deferred income taxes represent temporary differences between book and tax bases of accounts recelvable, marketable equity

securitles and plant and equipment.

Net Income for $206$ was as follows:

Consolidated net income

$$24,10$

Sore Corporation

$119,100$

Primer owns $70$ percent of Its subsidlary, Sore. No change In the ownership interest in Sore occurred during $205$ and $206.$ No

Intercompany transactions occurred other than the dividend pald to Primer Incorporated by its subsidiary.

Requlred:

Prepare a consolidated statement of cash flows for Primer Incorporated and its subsidlary for the year ended December $31,20$X$6,$

using the Indirect method.

Note: Amounts to be deducted should be Indlcated with a minus sign.