Problem 6-4 Below

Prepare the statement of cash flows for the consolidated company using the indirect method. A cash analysis worksheet should be prepared to aid in the development of the statement. Any other supporting schedules should be in good form. On January 1, 2016, Peanut Corporation acquires an 80% interest in Sunny Corporation. Information regarding the income and equity structure of the two companies as of the year ended December 31, 2018, is as follows: Additional information is as follows: The warrants to acquire Peanut stock are issued in 2017. Each warrant can be exchanged for one share of Peanut common stock at an exercise price of $12 per share. Each share of convertible preferred stock can be converted into two shares of Sunny common stock. The preferred stock pays an annual dividend totaling $4,000. Peanut owns 60% of the convertible preferred stock. The nonconvertible preferred stock is issued on July 1, 2018, and pays a 6-month dividend totaling $500. Relevant market prices per share of Peanut common stock during 2018 are as follows: Compute the basic and diluted consolidated EPS for the year ended December 31, 2018. Use quarterly share averaging