Question 3 continued B) Rhonica Company acquires an 80% interest in Kemar Company for $640,000 cash on January 1,2021 . The NCI has a fair value of $160,000. Any excess of cost over book value is attributed to goodwill. To help pay for the acquisition, Rhonica Company issues 5,000 shares of its common stock with a fair value of $70 per share. Kemar's balance sheet on the date of the purchase is as follows: Controlling share of net income for 2021 is $150,000, net of the noncontrolling interest of $10,000. Rhonica declares and pays dividends of $10,000, and Kemar declares and pays dividends of $5,000. There are no purchases or sales of property, plant or equipment during the year. Comparative balance sheet data are as follows: Required: Prepare a consolidated statement of cash flows using the indirect method for Rhonica Company and its subsidiary for the year ended December 31, 2021. [16 marks]