Question: Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percentowned subsidiary Oakley Co. follow: 2018 2017 Cash $ 14,100 $ 10,400 Accounts receivable

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

2018 2017
Cash $ 14,100 $ 10,400
Accounts receivable (net) 47,550 28,250
Merchandise inventory 100,200 51,000
Buildings and equipment (net) 106,800 120,000
Trademark 114,800 131,500
Totals $ 383,450 $ 341,150
Accounts payable $ 89,400 $ 73,000
Notes payable, long-term 0 29,400
Noncontrolling interest 67,750 59,250
Common stock, $10 par 200,000 200,000
Retained earnings (deficit) 26,300 (20,500 )
Totals $ 383,450 $ 341,150

Additional Information for Fiscal Year 2018

  • Iverson and Oakleys consolidated net income was $68,500.
  • Oakley paid $6,000 in dividends during the year. Iverson paid $12,000 in dividends.
  • Oakley sold $12,000 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???

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