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Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percentowned subsidiary Oakley Co....

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Accounting

Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percentowned subsidiary Oakley Co. follow:

2014 2013
Cash $ 14,250 $ 14,200
Accounts receivable (net) 67,400 43,500
Merchandise inventory 90,300 47,500
Buildings and equipment (net) 102,000 114,000
Trademark 103,600 119,000
Totals $ 377,550 $ 338,200
Accounts payable $ 96,300 $ 79,500
Notes payable, long-term 0 27,500
Noncontrolling interest 59,600 50,000
Common stock, $10 par 200,000 200,000
Retained earnings (deficit) 21,650 (18,800)
Totals $ 377,550 $ 338,200

Additional Information for Fiscal Year 2014
Iverson and Oakleys consolidated net income was $61,250.
Oakley paid $6,000 in dividends during the year. Iverson paid $10,000 in dividends.
Oakley sold $17,600 worth of merchandise to Iverson during the year.
There were no purchases or sales of long-term assets during the year.

In the 2014 consolidated statement of cash flows for Iverson Company:
Net cash flows from financing activities were

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