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

	2018				2017
Cash	$	850			$	20,150
Accounts receivable (net)		52,750				30,250
Merchandise inventory		105,100				49,500
Buildings and equipment (net)		93,900				106,000
Trademark		107,100				127,000
Totals	$	359,700			$	332,900
Accounts payable	$	100,050			$	80,250
Notes payable, long-term		0				26,200
Noncontrolling interest		51,050				37,250
Common stock, $10 par		200,000				200,000
Retained earnings (deficit)		8,600				(10,800	)
Totals	$	359,700			$	332,900

Additional Information for Fiscal Year 2018

• Iverson and Oakleys consolidated net income was $46,000.
• Oakley paid $4,000 in dividends during the year. Iverson paid $12,000 in dividends.
• Oakley sold $19,700 worth of merchandise to Iverson during the year.
• There were no purchases or sales of long-term assets during the year.

In the 2018 consolidated statement of cash flows for Iverson Company:

Net cash flows from operating activities were