Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow 2018 2017 Cash 9,550 10,600 Accounts receivable (net) Merchandise inventory 49,550 22,750 82,750 39,750 Buildings and equipment (net) 102,000 116,500 Trademark 136,500 118,500 $362,350 $326,100 Totals $ 71,000 $ 92,600 Accounts payable Notes payable, long-term Noncontrolling interest Common stock, $10 par Retained earnings (deficit) 31,700 52,800 43,000 200,000 200,000 (19,600) 16,950 Totals 362,350 $326,100 Additional Information for Fiscal Year 2018 Iverson and Oakley's consolidated net income was $58,750. Oakley paid $7,000 in dividends during the year. Iverson paid $11,000 in dividends. Oakley sold $18,000 worth of merchandise to lverson during the year. There were no purchases or sales of long-term assets during the year. n the 2018 consolidated statement of cash flows for lverson Company Net cash flows from operating activities were