PROTECTO CORPORATION AND SUBSIDIARY Consolidated Cash Flow Worksheet Year Ended December 31, 20X3 Consolidation Entries Item Balance 1/1/X3 Debit Credit Balance 12/31/X3 Assets Cash 95,000 31,800 $ 63,200 Accounts receivable 145,000 24,200 120,800 Inventory 135,000 63,500 198,500 Land 72,000 6,400 78,400 Buildings and equipment 440,000 154,000 594,000 Less: Accumulated depreciation (211,000) 44,000 (255,000) Patents 39,000 6,500 32,500 Total Assets 715,000 832,400 Liabilities & Equity Accounts payable 164,100 37,400 126,700 Bonds payable 94,000 110,000 204,000 Common stock 120,000 120,000 Retained earnings 278,000 54,000 93,850 317,850 Noncontrolling interest 58,900 5.400 10,350 63,850 Total Liabilities & Equity 715,000 $ 320,700 $ 320,700 5 832,400 Cash Flows from Operating Activities: Consolidated net income $ 104,200