Question: Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: Cash Accounts receivable (net) Merchandise inventory Buildings and equipment

Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: Cash Accounts receivable (net) Merchandise inventory Buildings and equipment (net) Trademark Totals Accounts payable Notes payable, long-term Noncontrolling interest Common stock, $10 par Retained earnings (deficit) Totals 2021 $ 14,100 47,550 100,200 106,800 114,800 $383,450 $ 89,400 0 67,750 200,000 26,300 $383,450 2020 $ 10,400 28,250 51,000 120,000 131,500 $341, 150 $ 73,000 29,400 59, 250 200,000 (20,500) $341,150 Additional Information for Fiscal Year 2021 Iverson and Oakley's 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 2021 consolidated statement of cash flows for Iverson Company: Net cash flows from operating activities were
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