Sub Company is an 80%-owned subsidiary of Parent Company. Company was purchased on Jan stockholders' equity of $325,000. The interest in Sub uary 1, 2010 for $310,000 cash. At that date, Sub had 000. The excess price was attributed to equipment with a olidated trial ely ,0oodwill The following are comparative o consolidated trial balances 2010 Cash $ 17,000 60,000 100,000 1,500,000J (540,000) S 27,750 80,000 150,000 675,000 (640,000) 122,250 36,000 104,000) 200,000) (75,500) Accounts receivable PP&E 3r 25,000 31 Accum depr Investment in Charley Co. (30%) 36,000V (58,500 (50,000) (69,000) Accounts payable Bonds payable ing interest 50: 0 (500,000)4 (325,000/ (170,500) Common stock (500,000) (325,000) (246,500) The following additional information is available: Paid-in capital Retained earnings Go- Sub issued $150,000 of long-term bonds and later used the proceeds to purchase a Sub purchased equipment for $25,000. buildi 2011is is anhAnycme o On January 1, 2011, Parent purchased 30% of the outstanding stock of Charley Co. for $$115,000. This is an influential investment. Charley's equity was S350,000 on the date of purchase. Any excess cost is attributed to fixed assets with a 10-year life. Charley reported net income of $40,000 for 2011 and paid dividends of $12,500. Controlling share of consolidated net income for 2011 was $126,000; the noncontrolling interest in consolidated net income was $8,000. Parent paid dividends of S50,000; Sub paid dividends of $7,500 in 2011. . nsolidated statement of cash flows for 2011 using the indirect method for Pnerating cash fow. shedule is atached. You may ignore any schedule of Prepare the con operating cash flows signifi ficant non-cash transactions