Problem 4 LOS Peach acquired 80% of the voting stock of Sundae several years ago, at book value. Here are the consolidated balance sheets for Peach and Sundae, plus additional information: 2020 Consolidated Balance Sheets at December 31 2021 Assets Cash $ 582 Other current assets 2036 Plant assets 11.636 Accumulated depreciation (4,367) Identifiable intangibles 10,473 Total assets $20.090 $ 509 1,745 8,727 (3,636) 11.782 $19.127 Liabilities & Equity Current liabilities Long-term debt Controlling interest in equity Noncontrolling interest in equity Total liabilities & equity $ 3,400 6,000 3,000 1.600 $14.000 $ 2,800 5,660 3,180 1.510 $13,150 Additional information for 2021: Consolidated net income is $240. Sundae reported net income of $600 on its own books and paid $150 in dividends. Consolidated depreciation expense was $700, and consolidated amortization expense was $900. Plant assets with an original cost of $500 were sold for $450. Peach paid $600 in dividends. Peach issued stock for $300. 6. Required Prepare a consolidated statement of cash flows for 2021. ANS Cash from operating activities Net cash from operating activities Cash from investing activities Cash from financing activities Net increase in cash Cash balance, December 31