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

	2021				2020
Cash	$	28,500			$	16,350
Accounts receivable (net)		48,400				30,500
Merchandise inventory		97,200				46,000
Buildings and equipment (net)		103,100				122,000
Trademark		104,400				128,500
Totals	$	381,600			$	343,350
Accounts payable	$	96,650			$	78,750
Notes payable, long-term		0				33,000
Noncontrolling interest		61,200				50,500
Common stock, $10 par		200,000				200,000
Retained earnings (deficit)		23,750				(18,900	)
Totals	$	381,600			$	343,350

Additional Information for Fiscal Year 2021

• Iverson and Oakleys consolidated net income was $69,750.
• Oakley paid $7,000 in dividends during the year. Iverson paid $15,000 in dividends.
• Oakley sold $16,500 worth of merchandise to Iverson during the year.
• There were no purchases or sales of long-term assets during the year.

In the 2021 consolidated statement of cash flows for Iverson Company:

Net cash flows from operating activities were:

Multiple Choice

$61,550.

$35,800.

$17,900.

$8,200.