The Kerry Company and it's 85% owned subsidiary (Edwards Corporation) uses the DIRECT METHOD to prepare its statement of cash flows. Consolidated TRIAL BALANCE totals are shown at the end of 20X3 and 20X2: December 31 20X3 20X2 Debits: Cash Accounts Receivable $35,000 $32,000 33,000 30,000 Inventory 31,000 47,000 PP&E 204,500 100,000 Cost of Goods Sold 250,000 380,000 Operating Expenses 272,500 318,300 Noncontrolling Interest Share 6,000 5,000 Interest Expense 4,300 2,600 Income Tax Expense 20,400 61.200 Total $856,700 $976,100 Credits: Allowance for Uncollectible Accounts $ 2,300 $ 1,100 Accumulated Depreciation Accounts Payable 16,500 15,000 13,300 9,500 Income Taxes Payable 21,000 27,100 Deferred Income Taxes 5,300 4,600 8% Bonds Payable 45,000 20,000 Common Stock 50,000 40,000 Additional Paid In Capital 9,100 7,500 Retained Earnings 44,700 64,600 Noncontrolling Interest 10,700 8,000 Sales 638.800 778,700 Total $856,700 $976,100 Additional Information: Net income for 20X3 was as follows: Consolidated net income $91,600 Controlling share of net income 85,600 Edwards Corporation 40,000 There was no change in the ownership interest in Edwards during 20X2 and 20X3. There were no intercompany transactions other than the dividend paid to Kerry by Edwards. Kerry declared and paid dividends of $31,500 during 20X3. Edwards declared and paid dividends of $22,000 during 20X3. Bad debts expense is included in Operating Expenses. No uncollectible accounts were written off in 20X3. Depreciation expense is also included in Operating Expenses. No P P & E was sold during 20X3. Prepare a statement of cash flows for the year ended December 31, 20X3 on the page provided. Use the DIRECT METHOD.