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P Inc owns 80% of S Corp. The consolidated financial statements of P follow:

\begin{tabular}{|c|c|c|c|c|} \hline & & & & PINC. \\ \hline & & & & \begin{tabular}{l} CONSOLIDATE \\ D BALANCE \\ SHEET \end{tabular} \\ \hline & & & & \begin{tabular}{l} At December \\ 31 , Year 4 \end{tabular} \\ \hline & & Year 4 & & Year 3 \\ \hline Cash & $177,560 & & $65,400 & \\ \hline \begin{tabular}{l} Accounts \\ receivable \end{tabular} & 163,100 & & 180,600 & \\ \hline Inventory & 239,000 & & 220,000 & \\ \hline Land & 98,500 & & 213,000 & \\ \hline \begin{tabular}{l} Buildings and \\ equipment \end{tabular} & 982,000 & & 820,000 & \\ \hline \begin{tabular}{l} Accumulated \\ depreciation \end{tabular} & (313,420) & & (275,520) & \\ \hline Databases & 19,300 & & 25,100 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Databases & 19,300 & 25,100 \\ \hline & $1,366,040 & $1,248,580 \\ \hline \begin{tabular}{l} Accounts \\ payable \end{tabular} & $258,600 & $211,980 \\ \hline \begin{tabular}{l} Accrued \\ liabilities \end{tabular} & 43,300 & 42,400 \\ \hline Bonds payable & 420,000 & 360,000 \\ \hline \begin{tabular}{l} Bond \\ premium \end{tabular} & 13,440 & 16,200 \\ \hline \begin{tabular}{l} Common \\ shares \end{tabular} & 180,000 & 180,000 \\ \hline \begin{tabular}{l} Retained \\ carnings \end{tabular} & 423,820 & 414,000 \\ \hline \begin{tabular}{l} Non- \\ controlling \\ interest \end{tabular} & 26,880 & 24,000 \\ \hline & $1,366,040 & $1,248,580 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & & PINC. \\ \hline & & \begin{tabular}{l} CONSOLIDATED \\ INCOME STATEMENT \end{tabular} \\ \hline & & \begin{tabular}{l} For the year ended \\ December 31 , Year 4 \end{tabular} \\ \hline Sales & & $1,069,000 \\ \hline Cost of sales & $587,950 & \\ \hline Selling expense & 160,350 & \\ \hline \begin{tabular}{l} Administrative \\ expense \end{tabular} & 205,500 & \\ \hline Interest expense & 38,000 & \\ \hline Income tax & 45,500 & 1,037,300 \\ \hline Net income & & $31,700 \\ \hline \multicolumn{3}{|l|}{ Attributable to: } \\ \hline P's shareholders & & $26,820 \\ \hline \end{tabular} PInc. purchased its 80% interest in 5 Corp. on January 1, Year 2, for $148,000 when $ had net assets of $90,000. The acquisition differential was allocated $58,000 to databases (10-year life), with the balance allocated to equipment (20-year life). P issued $60,000 in bonds on December 31, Year 4, S reported a net income of $30,200 for Year 4 and paid dividends of $10,000. Selling and administrative expense includes the following: P reported a Year 4 equity method income of $26,820 and paid dividends of $17,000. Required: Prepare a consolidated cash flow statement for Year 4. (Use Indirect Method) NOTE; show detail computations or calculations and steps

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