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

		2014		2013
Cash	$	34,100	$	17,750
Accounts receivable (net)		64,000		46,000
Merchandise inventory		95,450		51,250
Buildings and equipment (net)		93,300		111,000
Trademark		103,200		121,500
Totals	$	390,050	$	347,500
Accounts payable	$	106,050	$	86,750
Notes payable, long-term		0		31,800
Noncontrolling interest		62,250		53,250
Common stock, $10 par		200,000		200,000
Retained earnings (deficit)		21,750		(24,300)
Totals	$	390,050	$	347,500

Additional Information for Fiscal Year 2014

	Iverson and Oakleys consolidated net income was $68,250.
	Oakley paid $6,000 in dividends during the year. Iverson paid $12,000 in dividends.
	Oakley sold $16,900 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