On June 30, 2018, Plaster, Inc., paid $836,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $209,000. At acquisition date, Stucco reported the following book values for its assets and liabilities:

On June 30, 2018, Plaster, Inc., paid $836,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $209,000. At acquisition date, Stucco reported the following book values for its assets and liabilities: Cash Accounts receivable Inventory Land Buildings Equipment Accounts payable $ 54,800 116,000 185,400 59,400 159,900 274,100 (32,000) On June 30, Plaster allocated the excess acquisition-date fair value over book value to Stucco's assets as follows: Equipment (3-year remaining life) Database (10-year remaining life) $ 68,600 158,800 At the end of 2018, the following comparative (2017 and 2018) balance sheets and consolidated income statement were available: Cash Accounts receivable (net) Inventory Land Buildings (net) Equipment (net) Database Total assets Accounts payable Long-term liabilities Common stock Noncontrolling interest Retained earnings Total liabilities and equities Plaster, Inc. December 31, 2017 39,000 328,300 376,400 272,100 222,200 1,632,500 0 $ 2,870,500 $ 72,600 363,000 1,633,500 0 801,400 $ 2,870,500 Consolidated December 31, 2018 220, 200 440, 100 652,800 331,500 336,000 1,850, 300 150,860 $ 3,981,760 $ 97,100 1,174,180 1,633,500 231,900 845,080 $ 3,981,760 PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2018 Revenues $ 1,105,000 Cost of goods sold $ 669,400 Depreciation 170,200 Database amortization 7,940 Interest and other expenses 8,800 856,340 Consolidated net income $ 248,660 Additional Information for 2018 . On December 1, Stucco paid a $46,400 dividend. During the year, Plaster paid $172,000 in dividends. During the year, Plaster issued $811,180 in long-term debt at par. Plaster reported no asset purchases or dispositions other than the acquisition of Stucco. Prepare a 2018 consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from operating activities. (Negative amounts and amounts to be deducted should be indicated by a minus sign.) PLASTER INC. AND SUBSIDIARY STUCCO COMPANY Consolidated Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Beginning cash, 1/1/18 Ending cash, 12/31/18