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

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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