On June 30, 2021, Plaster, Inc., paid $804,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $201,000. At acquisition date, Stucco reported the following book values for its assets and liabilities:

Cash	$	52,800
Accounts receivable		111,600
Inventory		178,200
Land		57,000
Buildings		153,500
Equipment		263,300
Accounts payable		(30,800	)

(Parentheses indicate credit balances.)

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)	$	66,200
Database (10-year remaining life)		153,200

At the end of 2021, the following comparative (2020 and 2021) balance sheets and consolidated income statement were available:

	Plaster, Inc. December 31, 2020				Consolidated December 31, 2021
Cash	$	37,800			$	213,400
Accounts receivable (net)		318,300				426,500
Inventory		364,800				632,800
Land		263,700				320,700
Buildings (net)		215,400				318,900
Equipment (net)		1,582,500				1,797,000
Database		0				145,540
Total assets	$	2,782,500			$	3,854,840
Accounts payable	$	70,200			$	93,900
Long-term liabilities		351,000				1,042,740
Common stock		1,579,500				1,579,500
Noncontrolling interest		0				224,300
Retained earnings		781,800				914,400
Total liabilities and equities	$	2,782,500			$	3,854,840

PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2021
Revenues				$	1,069,800
Cost of goods sold	$	648,200
Depreciation		165,000
Database amortization		7,660
Interest and other expenses		8,400			829,260
Consolidated net income				$	240,540

Additional Information for 2021

• On December 1, Stucco paid a $43,200 dividend. During the year, Plaster paid $76,000 in dividends.
• During the year, Plaster issued $691,740 in long-term debt at par.
• Plaster reported no asset purchases or dispositions other than the acquisition of Stucco.

Prepare a 2021 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, 2021 Cash flows from operating activities: 0 $ 0 Cash flows from investing activities: 0 Cash flows from financing activities: $ 0 $ 0 Beginning cash, 1/1/21 Ending cash, 12/31/21 $ 0