On June 30, 2018, Plaster, Inc., paid $996,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $249,000. At acquisition date, Stucco reported the following book values for its assets and liabilities:

Cash	$	65,000
Accounts receivable		138,000
Inventory		221,000
Land		71,000
Buildings		191,000
Equipment		327,000
Accounts payable		(38,000	)

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)	$	81,000
Database (10-year remaining life)		189,000

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	$	46,000			$	259,800
Accounts receivable (net)		387,000				519,300
Inventory		444,000				769,900
Land		321,000				392,000
Buildings (net)		262,000				397,000
Equipment (net)		1,925,000				2,186,500
Database		0				179,550
Total assets	$	3,385,000			$	4,704,050
Accounts payable	$	86,000			$	115,000
Long-term liabilities		430,000				1,368,400
Common stock		1,935,000				1,935,000
Noncontrolling interest		0				274,500
Retained earnings		934,000				1,011,150
Total liabilities and equities	$	3,385,000			$	4,704,050

PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2018
Revenues				$	1,305,400
Cost of goods sold	$	790,500
Depreciation		200,500
Database amortization		9,450
Interest and other expenses		10,700			1,011,150
Consolidated net income				$	294,250

Additional Information for 2018

On December 1, Stucco paid a $48,000 dividend. During the year, Plaster paid $180,000 in dividends.

During the year, Plaster issued $938,400 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.)