Born Company acquires an 80% interest in Roland Company for $660,000 cash on January 1, 2017. The NCI has a fair value of $165,000. Any excess of cost over book value is attributed to goodwill. To help pay for the acquisition, Born Company issues 5,000 shares of its common stock with a fair value of $70 per share. Roland's balance sheet on the date of the purchase is as follows:

Controlling share of net income for 2017 is $150,000, net of the non-controlling interest of $10,000. Born declares and pays dividends of $10,000, and Roland 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 Born Company and its subsidiary for the year ended December 31, 2017. Any supporting schedules should be in good form.

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Assets Liabilities and Equity .. 20,000 Current liabilities 140,000 Bonds payable . $110,000 200,000 Total liabilities and equity....... $710,000 Csn . . . Property, plant, and Common stock ($10 par). equipment (net) Total assets . . . . .. .. . .. . . $710,000 Born Company December 31 2016 Consolidated December 31 2017 $300,000 220,000 800,000 $199,000 454,000 1,230,000 325,000 284,000) (300,000) (174,000] (250,000) (600,000) (600,000 0 Cash Property, plant, and equipment (ne)... Goodwill Current liabilities Bonds payable (160,000) 200,000) Controlling common stock ($10 par).... Controlling paidin capital in excess of par Retained earnings 200,000) 300,000) (460,000) Totals ...___. . 0