Hat Company holds 70 percent of the common stock of Ties, Inc., and 30 percent of this subsidiarys convertible bonds. The following consolidated financial statements are for 2017 and 2018:

	2017				2018
Revenues	$	(895,000	)		$	(1,025,000	)
Cost of goods sold		609,000				649,000
Depreciation and amortization		99,000				118,000
Gain on sale of building		0				(29,000	)
Interest expense		39,000				39,000
Consolidated net income		(148,000	)			(248,000	)
to noncontrolling interest		18,000				19,500
to parent company	$	(130,000	)		$	(228,500	)
Retained earnings, 1/1	$	(309,000	)		$	(380,000	)
Net income		(130,000	)			(228,500	)
Dividends declared		59,000				109,000
Retained earnings, 12/31	$	(380,000	)		$	(499,500	)
Cash	$	89,000			$	168,000
Accounts receivable		168,000				149,000
Inventory		209,000				358,000
Buildings and equipment (net)		649,000				717,000
Databases		168,000				154,000
Total assets	$	1,283,000			$	1,546,000
Accounts payable	$	(149,000	)		$	(117,500	)
Bonds payable		(409,000	)			(518,000	)
Noncontrolling interest in Ties		(41,000	)			(50,000	)
Common stock		(118,000	)			(139,000	)
Additional paid-in capital		(186,000	)			(222,000	)
Retained earnings		(380,000	)			(499,500	)
Total liabilities and equities	$	(1,283,000	)		$	(1,546,000	)

Additional Information for 2018

The parent issued bonds during the year for cash.

Amortization of databases amounts to $14,000 per year.

The parent sold a building with a cost of $78,000 but a $39,000 book value for cash on May 11.

The subsidiary purchased equipment on July 23 for $211,000 in cash.

Late in November, the parent issued stock for cash.

During the year, the subsidiary paid dividends of $35,000. Both parent and subsidiary pay dividends in the same year as declared.

Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2018. (Use indirect method) (Negative amounts and amounts to be deducted should be indicated by a minus sign.)

BOLERO COMPANY AND CONSOLIDATED SUBSIDIARY RIVERA Consolidated Statement of Cash Flows Year Ending December 31, 2018 Cash from operating activities: Adjustment from accrual to cash: Net cash flow from operating activities Cash flows from investing activities: Net cash fow from investing activities Cash flows from financing activities Net cash flow from financing activities Cash, January 1, 2018 Cash, December 31, 2018