Question $3$ continued B$)$ Rhonica Company acquires an $\backslash (80\backslash \%\backslash )$ interest in Kemar Company for $\backslash (\backslash$$ $640,000\backslash )$ cash on January $1,2021.$ The NCI has a fair value of $\backslash (\backslash$$ $160,000\backslash ).$ Any excess of cost over book value is attributed to goodwill. To help pay for the acquisition, Rhonica Company issues $5,000$ shares of its common stock with a fair value of $\backslash (\backslash$$ $70\backslash )$ per share. Kemar's balance sheet on the date of the purchase is as follows: Controlling share of net income for $2021$ is $\backslash (\backslash$$ $150,000\backslash ),$ net of the noncontrolling interest of $\backslash (\backslash$$ $10,000\backslash ).$ Rhonica declares and pays dividends of $\backslash (\backslash$$ $10,000\backslash ),$ and Kemar declares and pays dividends of $\backslash (\backslash$$ $5,000\backslash ).$ There are no purchases or sales of property, plant or equipment during the year. Comparative balance sheet data are as follows: Required: Prepare a consolidated statement of cash flows using the indirect method for Rhonica Company and its subsidiary for the year ended December $31,2021.[16$ marks$]$