I need help in this question. please do it correctly and 100%

5 5 points Pear Corporation acquired 75 percent ownership of Sugar Company on January 1, 20x1, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 25 percent of the book value of Sugar Company. Consolidated balance sheets at January 1, 20X3, and December 31, 20X3. are as follows: Item Jan. 1, 20x3 Dec. 31, 2ex3 Assets Cash $ 84,500 $ 116,580 Accounts Receivable 87,000 102,00 Inventory 119,000 127,680 Land 49,800 59,eee Buildings & Equipment 518,00 553,000 Less: Accumulated Depreciation (182,500) (219,080) Patents 8, eee 7,000 Total Assets $ 683,880 $ 745,580 Liabilities and Owners' Equity Accounts Payable $ 53, eee $ 58,888 Wages Payable 26,000 20,68e Notes Payable 242,800 257,000 Common Stock ($1e par value) 138,000 138,000 Retained Earnings 203,880 247,580 Noncontrolling Interest 21,000 25,699 Total Liabilities and Owners' Equity $ 683, 880 $ 745,500 The consolidated income statement for 20x3 contained the following amounts: $ 462,00 Sales Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Amortization Expense Other Expenses Consolidated Net Income Income to Noncontrolling Interest Income to Controlling Interest $245, eee 55,898 36,500 11,800 1,800 25,000 (373, 5ee) $ 88,500 (10,000) $ 78,500 Pear and Sugar paid dividends of $34,000 and $24.000, respectively, in 20X3. Mc Pear and Sugar paid dividends of $34.000 and $24.000, respectively, in 20x3. Required: a. Prepare a worksheet to develop a consolidated statement of cash flows for 20x3 using the indirect method of computing cash flows from operations. (Values In the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be Indicated with a minus sign, whlle all values in the "Consolldation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are requlred, combine all deblt entries Into one amount and enter this amount In the debit column of the worksheet. Simllarly, combine all credit entries Into one amount and enter this amount in the credit column of the worksheet.) Answer is not complete. PEAR CORPORATION AND SUBSIDIARY Consolidated Cash Flow Worksheet Year Ended December 31, 20X3 Consolidation Entries Balance Debit Credit 1/1/X3 Item Balance 12/31/X3 Assets Cash IS 116.500 Accounts receivable Inventory Land >>> IS 84,500 $ 32.000 87,000 15,000 119,000 8.000 49,000 10,000 518,000 35.000 (182,500) 8,000 $ 683,000 OOOO000 102,000 127.000 59,000 553.000 (219,000) 7.000 745,500 Buildings and equipment Less: Accumulated depreciation Patents Total Assets Liabilities & Equity Accounts payable Wages payable 36,500 1,000 $ s 53,000 $ 5,000 IS 28,000 8.000 58,000 20,000 257,000 242,000 Notes payable 15,000 > $ 683,000 IS 745,500 IS ON $ 5,000 IS 53,000 28,000 8,000 15,000 242,000 138,000 203.000 58.000 20,000 257.000 138,000 247.500 25,000 745,500 00 34.000 6,000 $146,000 21,000 s 683,000 O 78,500 10,000 $140,000 IS $ 88,500 $ 36,500 1.000 Total Assets Liabilities & Equity Accounts payable Wages payable Notes payable Common stock Retained earnings Noncontrolling interest Total Liabilities & Equity Cash Flows from Operating Activities: Consolidated net income Depreciation expense Amortization of patent Changes in operating assets and liabilities: Increase in accounts receivable Increase in inventory Increase in accounts payable Decrease in wages payable Cash Flows from Investing Activities: Purchase of land Purchase of buildings and equipment Cash Flows from Financing Activities: Increase in notes payable Dividends Paid: To Pear Corporation shareholders To Sugar Company shareholders Increase in cash (15,000) X (8.000) X 5,000 (6.000) (10.000) X (35.000) 15,000 (34.000) X (25,000) 84,500 X $ 148,000 (50.500) 5 b. Prepare a consolidated statement of cash flows for 20X3. (Amounts to be deducted should be indicated with a minus sign.) 5 points Answer is not complete. PEAR CORPORATION AND SUBSIDIARY Consolidated Statement of Cash Flows Year Ended December 31, 20X3 Cash Flows from Operating Activities Adjustments for noncash items: Changes in operating assets and liabilities: s 0 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: 0 S 0 Cash at beginning of year Cash at end of year s 0