Bolero Company holds 80 Percent of th common stock of Rivera,Inc

Bolero Company holds 80 Percent of th common stock of Rivera,Inc and 40 Percent of this subsidiary convertible bonds. The following consolidated financial statement is for 2014 and 2015.Bolero Company and Consolidated Subsidiary Rivera20142015Revenue(900,000)(1,030,000)Cost of good sold610,000650,000Depreciattion and amortization100,000120,000Gain on sale of building0(30,000)Interest expenses40,00040,000Consolidated net income(150,000)(250,000)to noncontrolling interest19,00021,000To parent company(131,000)(229,000)Retained earnimng, 1/1(310,000)(381,000)Net income(131,000)(229,000)dDivi9dend declare60,000110,000Retained earnings, 12/31(381,000)(500,000)Cash90,000180,000Accounts receivable170,000150,000Inventory210,000360,000Building and equipment(net)650,000710,000Databases170,000155,000Total assest1,290,0001,555,000Accounts payable(160,000)(110,000)Bonds payable(410,000)(520,000)Noncontrolling interest in Rivera(42,000)(61,000)Common stock(110,000)(140,000)Additional paid-in capital(187,000)(224,000)Retained earning(381,000)(500,000)Total liabilities and equities(1,290,000)(1,555,000)Additional Information for 2015· The parent issues bonds during the year for cash· Amortization of databases amounts to $15,000 per year· The parents sold a bui9lding with a cost of $80,000 but a $40,000 book value for cash on May 11· The subsidiary purchases equipment on July 23 for $205,000 in cash· Late in November, the parent issues stock for cash· During the year, the subsidiary paid dividend of $10,000. Both parent and subsidiary pay dividend in the same years as declarePrepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2015. (Use indirect method)