On June 30, 2018, Plaster, Inc., paid $812,000 for 80 percent ofStucco Company's outstanding stock. Plaster assessed theacquisition-date fair value of the 20 percent noncontrollinginterest at $203,000. At acquisition date, Stucco reported thefollowing book values for its assets and liabilities:

Cash	$	53,300
Accounts receivable		112,700
Inventory		180,000
Land		57,600
Buildings		155,100
Equipment		266,000
Accounts payable		(31,100	)

On June 30, Plaster allocated the excess acquisition-date fairvalue over book value to Stucco's assets as follows:

Equipment (3-year remaining life)	$	66,800
Database (10-year remaining life)		154,600

At the end of 2018, the following comparative (2017 and 2018)balance sheets and consolidated income statement wereavailable:

	Plaster, Inc. December 31, 2017				Consolidated December 31, 2018
Cash	$	38,100			$	215,100
Accounts receivable (net)		320,800				429,900
Inventory		367,700				637,800
Land		265,800				323,400
Buildings (net)		217,100				327,900
Equipment (net)		1,595,000				1,805,600
Database		0				146,870
Total assets	$	2,804,500			$	3,886,570
Accounts payable	$	70,800			$	94,700
Long-term liabilities		354,000				1,059,600
Common stock		1,593,000				1,593,000
Noncontrolling interest		0				226,200
Retained earnings		786,700				913,070
Total liabilities and equities	$	2,804,500			$	3,886,570

PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December 31, 2018
Revenues				$	1,078,600
Cost of goods sold	$	653,500
Depreciation		166,300
Database amortization		7,730
Interest and other expenses		8,500			836,030
Consolidated net income				$	242,570

Additional Information for 2018

• On December 1, Stucco paid a $44,000 dividend. During the year,Plaster paid $84,000 in dividends.
• During the year, Plaster issued $705,600 in long-term debt atpar.
• Plaster reported no asset purchases or dispositions other thanthe acquisition of Stucco.

Prepare a 2018 consolidated statement of cash flows for Plasterand Stucco. Use the indirect method of reporting cash flows fromoperating activities. (Negative amounts and amounts to bededucted should be indicated by a minus sign.)