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this is my third time posting this question. please just fill out the boxes highlighted in blue Sun Corporation was created on January 1, 20X2,

this is my third time posting this question. please just fill out the boxes highlighted in blue image text in transcribed
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Sun Corporation was created on January 1, 20X2, and quickly became successful. On January 1, 20X6, its owner sold 80 percent of the stock to Planet Company at underlying book value. At the date of that sale, the fair value of the remaining shares was equal to 20 percent of the book value of Sun. Planet continued to operate the subsidiary as a separate legal entity and used the equity method in accounting for its investment in Sun. The following consolidated financial statements have been prepared During 20x6, Sun reported net income of $60,000 and poid dividends of $20,000, Planet reported net income of $148,000 and paid dividends of $65,000. There were no intercompany transfers during the period Interest During 20x6, 5un reported met income of 560,000 and paid dhistnds of 520,000 , Planet reported net incame of $148,000 ond paid dividends of $65,000. There were no intercompony taraters during the period Required Propare a worksheet for a consolidated statement of eashi flows for 205 using the indirect methed of computing cash Gews trom operations. Note: Values in the firat two columns (the "parent" and "subsldary" balances) that are to be deducted should be indicated with a minus sign. while nll values in the "Consolldotion Fintrles" columens should be entered as peritive values. For accounts where muultiple adjusting entries are required, combine all debit entries inte one ameunt and enter this amount in the debit column of the wrorksheet. Similarly, combine alf credit entries into one amount and enter this amount in the credit column of the worksheet

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