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

	2018				2017
Cash	$	5,250			$	13,050
Accounts receivable (net)		38,800				26,500
Merchandise inventory		96,850				48,250
Buildings and equipment (net)		105,100				117,000
Trademark		109,000				125,500
Totals	$	355,000			$	330,300
Accounts payable	$	89,000			$	75,000
Notes payable, long-term		0				31,300
Noncontrolling interest		55,200				48,000
Common stock, $10 par		200,000				200,000
Retained earnings (deficit)		10,800				(24,000	)
Totals	$	355,000			$	330,300
Additional Information for Fiscal Year 2018 Iverson and Oakleys consolidated net income was $53,000. Oakley paid $5,000 in dividends during the year. Iverson paid $10,000 in dividends. Oakley sold $14,400 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 Multiple Choice $28,000. $18,500. $34,500. $14,000.