On June 30, 2021, Plaster, Inc., paid $820,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $205,000. At acquisition date, Stucco reported the following book values for its assets and liabilities:

Cash	$	53,800
Accounts receivable		113,800
Inventory		181,800
Land		58,200
Buildings		156,700
Equipment		268,700
Accounts payable		(31,400	)

(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)	$	67,400
Database (10-year remaining life)		156,000

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	$	38,400			$	216,800
Accounts receivable (net)		323,300				433,300
Inventory		370,600				642,800
Land		267,900				326,100
Buildings (net)		218,800				325,500
Equipment (net)		1,607,500				1,826,000
Database		0				148,200
Total assets	$	2,826,500			$	3,918,700
Accounts payable	$	71,400			$	95,500
Long-term liabilities		357,000				1,076,460
Common stock		1,606,500				1,606,500
Noncontrolling interest		0				228,100
Retained earnings		791,600				912,140
Total liabilities and equities	$	2,826,500			$	3,918,700

PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2021
Revenues				$	1,087,400
Cost of goods sold	$	658,800
Depreciation		167,600
Database amortization		7,800
Interest and other expenses		8,600			842,800
Consolidated net income				$	244,600

Additional Information for 2021

• On December 1, Stucco paid a $44,800 dividend. During the year, Plaster paid $92,000 in dividends.
• During the year, Plaster issued $719,460 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.