The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., which Butler has owned for several years are presented below:

	2018				2019
Cash	$	16,000			$	52,000
Accounts Receivable (net)		150,000				108,000
Inventory		220,000				178,000
Plant & Equipment (net)		315,000				340,000
Copyright		32,000				36,000
	$	733,000			$	714,000
Accounts payable	$	120,000			$	102,000
Long-term Debt		0				70,000
Noncontrolling interest		77,000				50,000
Common stock, $1 par		200,000				200,000
Retained earnings		336,000				292,000
	$	733,000			$	714,000
Additional information for 2018:

Butler & Cassie's consolidated net income was $100,000. Cassie paid $10,000 in dividends. There were no purchases or disposals of plant & equipment or copyright this yea Net cash flow from operating activities was:

$29,000.

$92,000.

$63,000.

$34,000.

$27,000.