Banner Company acquires an 80% interest in Roller Company for $640,000 cash on January 1, 2013. The NCI has a fair value of $160,000. Any excess of cost over book value is attributed to goodwill. To help pay for the acquisition, Banner Company issues 5,000 shares of its common stock with a fair value of $70 per share. Roller’s balance sheet on the date of the purchase is as follows:

Controlling share of net income for 2013 is $150,000, net of the non-controlling interest of $10,000. Banner declares and pays dividends of $10,000, and Roller declares and pays dividends of $5,000. There are no purchases or sales of property, plant, or equipment during the year. Based on the following information, prepare a statement of cash flows using the indirect method for Banner Company and its subsidiary for the year ended December 31, 2013. Any supporting schedules should be in good form.

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Assets Liabilities and Equity 140,000 Bonds payable. Inventory.... Property, plant, and equipment (net) Total assets.... . Common stock ($10 par)... 300,000 .. .. . . ..........$710,000 Total liabilities and equity$710,000 Banner Company December 31, 2012 Consolidated December 31, 2013 $300,000 220,000 800,000 219,000 454,000 1,230,000 300,000 (284,000) (300,000) (169,000) (250,000) (600,000) (600,000) ash ..-.... Inventory. Property, plant, and equipment (net) . . . . (160,000) (200,000) Bonds payable.... Controlling common stoc ($10 par . . . . _ . (200,000) (300,000) (460,000) Retained earnings Totals.. .