Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: Additional Information for Fiscal Year 2014 Iverson and Oakley's consolidated net income was $62, 500. Oakley paid $5,000 in dividends during the year. Iverson paid $12,000 in dividends. Oakley sold $10,000 worth of merchandise to Iverson during the year. There were no purchases or sales of long-term assets during the year. In the 2014 consolidated statement of cash flows for Iverson Company: Net cash flows from operating activities were $12, 500. $50,000. $17, 300. $34, 600