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Required information (The following information apples fo the questans disployed berow) Power Corporationts cootroller has jast finished preparing a consolidated balance sheet, income statement, and

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Required information (The following information apples fo the questans disployed berow) Power Corporationts cootroller has jast finished preparing a consolidated balance sheet, income statement, and statement of changes in retained eamings for the year ended December 31, 20x9. Power owns 80 peccent of Seqwork Corporation's stock, which it acquired at underlying book value on Nowember 1, 20xG. At that date, the fair value of the noncontroling interest was equal to 20 percent of Setwork Corporation's book value. The following information is avellable: - Consoldased net lincame for 209 was $160,000. - Setwork reported net income of 550,000 for 209 - Power poid dividends of 330,000 in 209 - Setevork pald dividends of $10.000 in 209 - Power issued common stock on February 18. 20x9, for a tolal of $100,000 - Censolidsted wages paybble decreasod by $6.000 in 200. - Consolideted deprecibtion expense for the year was $15,000. - Consolideted accounts receivable decreased by $20000 in 209 - Bonds paybble of Power with a book value of $102.000 were retired for $100.000 on December 31, 20x9. - Consolidated amortitation expense on patents was $10.000 for 209. . Power sold land thet it had purchased for 575,000 to a nonalfilate for $80,000 on k ane 10, 209. - Consolidated accounts payable decressed by $7000 during 209. * Totsl purchoses of eguipment by Powve and Setwork duing 209 were $180,000 * Consolidated invectocy increased by $36,000 during 209. * There were no intercompany transiers between Powee and Setwork in 20x9 or prior years except foe Setwork's poyment of dividends. Fower uses the lndirect method in preparing its cash flow statement. Bsed on the preceding intormation, what amounh wall be reported ih the consolidated cash flow statement as net cash provided by operating activaties for 209 ? Multiple Choice $207,090 5163,000 5+80.000 5149000

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