On June 30, 2018, Plaster, Inc., paid $924,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $231,000. At acquisition date, Stucco reported the following book values for its assets and liabilities Cash Accounts receivable Inventory Land Buildings Equipment Accounts payable $ 60,500 128,100 284,800 65,600 176,600 302,700 (35,300) 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) $ 75,600 176,400 At the end of 2018, the following comparative (2017 and 2018) balance sheets and consolidated income statement were available Plaster, Inc December 31, Consolidated December 31, 2017 2018 Cash Accounts receivable (net) Inventory Land Buildings (net) Equipment (net) Database S43,300 364,500 417,900 302,100 246,700 1,812,500 $ 244,500 488,700 724,900 367,700 372,700 2,052,400 167, 580 $ 4,418,480 $107,800 1,216,660 1,813,500 257,400 1,023,120 $ 4,418,480 $ 3,187,000 80,600 403,000 1,813,500 Total assets Accounts payable Long-term liabilities Common stock Noncontrolling interest Retained earnings Total liabilities and equities 889,900 $ 3,187,000 PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2818 $1,226,280 Revenues Cost of goods sold Depreciation Database amortization Interest and other expenses Consolidated net income 742,888 188,880 8,820 9,808 95e,228 $275,988 Addltlonal Informatlon for 2018 .On December 1, Stucco pald a $40,800 dividend. During the year, Plaster pald $108,000 In dividends. .During the year, Plaster Issued $813,660 In long-term debt at par .Plaster reported no asset purchases or disposltions other than the acqulsition 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 Indiceted 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