Parento Inc. owns $80\%$ of Santana Corp. The consolidated financial statements of Parento follow:

PARENTO INC.

CONSOLIDATED BALANCE SHEET

At December $31,$ Year $4$

Year $4$ Year $3$

Cash $ $115,800$ $ $68,400$

Accounts receivable $168,700172,200$

Inventory $300,000215,500$

Land $118,500159,000$

Buildings and equipment $766,000640,000$

Accumulated depreciation $(257,940)(215,040)$

Databases $18,50024,500$

$ $1,229,560$ $ $1,064,560$

Accounts payable $ $191,600$ $ $166,610$

Accrued liabilities $35,50031,800$

Bonds payable $330,000270,000$

Bond premium $10,56012,150$

Common shares $180,000180,000$

Retained earnings $453,420380,000$

Non$-$controlling interest $28,48024,000$

$ $1,229,560$ $ $1,064,560$

PARENTO INC.

CONSOLIDATED INCOME STATEMENT

For the year ended December $31,$ Year $4$

Sales $ $1,046,000$

Cost of sales $ $523,000$

Selling expense $156,900$

Administrative expense $179,500$

Interest expense $45,400$

Income tax $44,300949,100$

Net income $ $96,900$

Attributable to:

Parento$$s shareholders $ $90,420$

Non$-$controlling interest $6,480$

Parento Inc. purchased its $80\%$ interest in Santana Corp. on January $1,$ Year $2,$ for $$150,000$ when Santana had net assets of $$90,000.$ The acquisition differential was allocated $$60,000$ to databases $(10-$year life$),$ with the balance allocated to equipment $(20-$year life$).$ Parento issued $$60,000$ in bonds on December $31,$ Year $4.$ Santana reported a net income of $$38,400$ for Year $4$ and paid dividends of $$10,000.$

Selling and administrative expense includes the following:

Depreciation of buildings and equipment $ $42,900$

Database amortization $6,000$

Loss on land sale $5,000$

Parento reported a Year $4$ equity method income of $$90,420$ and paid dividends of $$17,000.$

Required:

$($a$)$ Prepare a consolidated cash flow statement for Year $4.($Amounts to be deducted and negative net cash amount should be indicated with minus sign.$)$