Problem $6-42($Algo$)($LO $6-5)$

Help with Dividends amount pleaseee

Bolero Company holds $75$ percent of the common stock of Rivera, Incorporated, and $40$ percent of this subsidiary's convertible bonds.

The following consolidated financial statements are for $2023$ and $2024($credit balances indicated by parentheses$)$:

Additional Information for $2024$

The parent issued bonds during the year for cash.

Amortization of databases amounts to $$17,000$ per year.

The parent sold a building with a cost of $$84,000$ but a $$42,000$ book value for cash on May $11.$

The subsidiary purchased equipment on July $23$ for $$213,000$ in cash.

Late in November, the parent issued stock for cash.

During the year, the subsidiary paid dividends of $$16,000.$ Both parent and subsidiary pay dividends in the same year as declared.

Required:

Prepare a consolidated statement of cash flows for this business combination for the year ending December $31,2024.$ Use the indirect

method to compute cash flow from operating activities.

Note: Negative amounts and amounts to be deducted should be indicated by a minus sign.

Answer is complete but not entirely correct.