On June 30, 2018, Plaster, Inc., paid $972,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $243,000. At acquisition date, Stucco reported the following book values for its assets and liabilities:

Cash	$	63,500
Accounts receivable		134,700
Inventory		215,600
Land		69,200
Buildings		186,200
Equipment		318,900
Accounts payable		(37,100	)

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)	$	79,200
Database (10-year remaining life)		184,800

At the end of 2018, the following comparative (2017 and 2018) balance sheets and consolidated income statement were available:

	Plaster, Inc. December 31, 2017				Consolidated December 31, 2018
Cash	$	45,100			$	254,700
Accounts receivable (net)		379,500				509,100
Inventory		435,300				754,900
Land		314,700				383,900
Buildings (net)		256,900				388,900
Equipment (net)		1,887,500				2,141,800
Database		0				175,560
Total assets	$	3,319,000			$	4,608,860
Accounts payable	$	84,200			$	112,600
Long-term liabilities		421,000				1,317,820
Common stock		1,894,500				1,894,500
Noncontrolling interest		0				268,800
Retained earnings		919,300				1,015,140
Total liabilities and equities	$	3,319,000			$	4,608,860

PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2018
Revenues				$	1,279,000
Cost of goods sold	$	774,600
Depreciation		196,600
Database amortization		9,240
Interest and other expenses		10,400			990,840
Consolidated net income				$	288,160

Additional Information for 2018

• On December 1, Stucco paid a $45,600 dividend. During the year, Plaster paid $156,000 in dividends.
• During the year, Plaster issued $896,820 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.)