Problem: the following comparative consolidated trial balance applies to Pembina Company (P) and its subsidiary Sornnion Company (Sub) (P has 80% of its interest). for year ended December 31, 2015.

Comparative consolidated trial balance

	12/31/14	12/31/15
cash	145,000	389,000
tradingSecurityPortforlio(atMarket)	160,000	175,000
A/R	440,000	384,000
Inventories	525,000	542,000
Land	130,000	105,000
Property, Plant&Equipment	660,000	680,000
Accumulated Depreciation	(145,000)	(188,000)
Goodwill	60,000	60,000
Current Liabilities	(474,000)	(502,000)
Long-Term Notes Payable	(450,000)	(400,000)
Deferred Taxes	(35,000)	(33,000)
NCI	(161,000)	(199,800)
Paid-In capital	(660,000)	(780,000)
Retained Earnings	(195,000)	(332,200)
total

the following events occurred during the year:

1) No trading securities were sold, nor were any investments added to the portfolio.

2) sold land, book value $25,000, for $80,000

3) purchase new equipment to replace old equipment, book value of old equipment was $13,000, and it was sold for $10,000. Historical cost was $58,000

4) dividends declared and paid, P - $50,000, Sub - $40,000

5) purchased a 60% share of a different company for $120,000 of common stock. book value and FMV were the same. The new Sub had a cash balance on the date of acquisition, $20,000

6) consolidated net income - $234,000

Required:

Prepare the consolidated Statement of Cash Flows for the year ended Dec. 31, 2015. for Pembina and its subsidiary.

Include a statement of non-cash activities section.