The comparative consolidated statement of financial position at December 31, Year 2, and the consolidated income statement for Year 2, of Parent Ltd. and its 70%-owned subsidiary are shown below.

Additional Information
€¢ On December 31, Year 1, Parent owned 100% of Sub. On this date, the share holders€™ equity of Sub amounted to $1,120,000, and the parent€™s unamortized acquisition differential of $565,000 was allocated entirely to the goodwill of Sub.
€¢ On January 1, Year 2, Parent sold 30% of its shares of Sub for $629,000 cash and recorded an increase to retained earnings of $123,500 on the transaction. Parent uses the equity method to account for its investment.
€¢ Parent paid $104,000 in dividends during Year 2.
Required:
Prepare, in good form, a consolidated cash flow statement for Year 2 in accordance with the requirements of IAS 7.

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Year 2 Year 1 Plant and equipment Accumulated depreciation Goodwil Inventory Accounts receivable Cash $5,350,000 $5,100,000 (2,350,000) (1,980,000) 565,000 490,000 710,000 335,000 $5,929,500 $5,220,000 530,000 989,500 600,000 810,000 $800,000 800,000 520,000 Ordinary shares Retained earnings Non-controlling interest Long-term liabilities Current liabilities 916,000 515,000 3,100,000 2,600,000 1,300,000 $5,929,500 $5,220,000 598,500 Revenues Cost of purchases and other expenses Change in inventory Depreciation Goodwill impairment loss $8,500,000 8,179,600 (499,500) 370,000 35,000 8,085,100 $414,900 Profit Attributable to Shareholders of Parent Non-controlling interest $ 376,500 38,400