Problem $6-44($Algo$)($LO $6-5)$ On June $30,2024,$ Plaster, Incorporated, paid $$868,000$ for $80$ percent of Stucco Company's outstanding stock. Plaster assessed the acquisition$-$date fair value of the $20$ percent noncontrolling interest at $$217,000.$ At acquisition date, Stucco reported the following book values for its assets and liabilities: Cash$ $56,800$Accounts receivable$120,400$Inventory$192,600$Land$61,800$Buildings$166,300$Equipment$284,900$Accounts payable$(33,200)($Parentheses indicate credit balances.$)$ On June $30,$ Plaster allocated the excess acquisition$-$date fair value over book value to Stucco's assets as follows: Equipment $(3-$year remaining life$)$$ $71,000$Database $(10-$year remaining life$)164,400$ At the end of $2024,$ the following comparative $(2023$ and $2024)$ balance sheets and consolidated income statement were available: AccountsPlaster, Incorporated December $31,2023$Consolidated December $31,2024$Cash$ $40,200$$ $227,000$Accounts receivable $($net$)338,300453,700$Inventory$388,000672,800$Land$280,500342,300$Buildings $($net$)229,000345,300$Equipment $($net$)1,682,5001,913,000$Database$0156,180$Total assets$ $2,958,500$$ $4,110,280$Accounts payable$ $75,000$$ $100,300$Long$-$term liabilities$375,0001,089,620$Common stock$1,687,5001,687,500$Noncontrolling interest$0239,500$Retained earnings$821,000993,360$Total liabilities and equities$ $2,958,500$$ $4,110,280$ PLASTER, INCORPORATED, AND SUBSIDIARY STUCCO COMPANY Consolidated Income Statement For the Year Ended December $31,2024$Revenues$0$$ $1,140,200$Cost of goods sold$ $690,600$Depreciation$175,400$Database amortization$8,220$Interest and other expenses$9,200883,420$Consolidated net income$$$ $256,780$ Additional Information for $2024$ On December $1,$ Stucco paid a $$49,600$ dividend. During the year, Plaster paid $$52,000$ in dividends. During the year, Plaster issued $$714,620$ in long$-$term debt at par. Plaster reported no asset purchases or dispositions other than the acquisition of Stucco. Required: Prepare a $2024$ consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from operating activities.