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The following information was derived from the 2017 consolidated financial statements of Lime Inc., which owns 80% of Lemon Inc. as well as 40% of

The following information was derived from the 2017 consolidated financial statements of Lime Inc., which owns 80% of Lemon Inc. as well as 40% of Zinc Inc.:

Equity Earnings from Zinc Inc.

$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 Zinc Inc.

$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 Lime Inc.

$40,000

Dividends paid by Lemon Inc.

$12,000

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

Required:

Prepare the consolidated statement of cash flows for Lime Inc. for the year ended December 31, 2017.

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