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The following information was derived from the 2017 consolidated financial statements of Parents Co., which owns 80% of AAA Co. as well as 40% of

The following information was derived from the 2017 consolidated financial statements of Parents Co.,

which owns 80% of AAA Co. as well as 40% of BBB Co.:

Equity Earnings from BBB Co. $120,000

Decrease in Accounts Payable $5,000

Increase in Accounts Receivable $10,000

Increase in Inventory $20,000

Increase in Bonds Payable $40,000

Depreciation $20,000

Loss on sale of machinery $10,000

Carrying value of machinery sold $60,000

Dividends received from BBB Co. $10,000

Purchase of a building for cash $400,000

Goodwill impairment loss $5,000

Entity Net Income allocated to non-controlling interest $5,000

Consolidated net income allocated to Parent $950,000

Dividends paid by Parents Co. $40,000

Dividends paid by AAA Co. $12,000

The cash balance at the start of 2017 was $200,000.

Required:

Prepare the consolidated statement of cash flows for Parents Co. for the year ended December 31, 2017.

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