Net cash flows from operating activities were

a. $12,000

b. $20,000

c. $24,000

d. $25,000

Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow:

Additional Information for Fiscal Year 2018
• Iverson and Oakley's consolidated net income was $45,000.
• Oakley paid $5,000 in dividends during the year. Iverson paid $12,000 in dividends.
• Oakley sold $11,000 worth of merchandise to Iverson during the year.
• There were no purchases or sales of long-term assets during the year.

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2018 2017 Cash S 7,000 20,000 38,000 45,000 105,000 100,000 $327,000 308,000 55,000 8,0) 95,000 85,000 Merchandise Inventory. Buldings and equipment (net) Trademark Accounts payable $ 75,000 63,000 25,000 35,000 200,000 200,000 13,000 15,000) Noncontrolling Interest.. 39,000 Totals. 327000 $308,000