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please help! Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated

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Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2020 and 2021 (credit balances indicated by parentheses): 52,000 Bolero Company and Consolidated Subsidiary Rivera 2020 Revenues $ (860,000) Cost of goods sold 602,000 Depreciation and amortization 92,000 Gain on sale of building Interest expense 32,000 Consolidated net income (134,000 to noncontrolling interest 11,000 to parent company $ (123,000) Retained earnings, 1/1 (302,000) Net income (123,000) Dividends declared Retained earnings, 12/31 $ (373,000) Cash $ 82,000 Accounts receivable 154,000 Inventory 202,000 Buildings and equipment (net) 642,000 Databases 154,000 Total assets $ 1,234,000 Accounts payable (142,000) Bonds payable (402,000) Noncontrolling interest in Rivera (34,000) Common stock (104,000) Additional paid in pital (17 Retained earnings (373,000) Total liabilities and equities $(1,234,000) 2021 $ (990,000) 642,000 104,000 (22,000) 32,000 (234,000) 13,000 $ (221,000) (373, 000) (221,000) 102,000 $ (492,000) $ 154,000 142,000 344,000 696,000 147,000 $ 1,483,000 $ (104,000) (504,000) (43,000) (132,000) 900) (492,000) $ (1,483,000) Additional Information for 2021 The parent issued bonds during the year for cash. Amortization of databases amounts to $7,000 per year. The parent sold a building with a cost of $64,000 but a $32,000 book value for cash on May 11. The subsidiary purchased equipment on July 23 for $183,000 in cash. Late in November, the parent issued stock for cash. During the year, the subsidiary paid dividends of $20,000. Both parent and subsidiary pay dividends in the same year as declared. Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2021. Use the indirect method to compute cash flow from operating activities. (Negative amounts and amounts to be deducted should be indicated by a minus sign.) BOLERO COMPANY AND CONSOLIDATED SUBSIDIARY RIVERA Consolidated Statement of Cash Flows Year Ending December 31, 2021 Cash from operating activities: Adjustment from accrual to cash: $ 0 Net cash flow from operating activities Cash flows from investing activities: 0 Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities 0 0 Cash, January 1, 2021 Cash, December 31, 2021 $ 0

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