Using the data presented in P10-21, prepare a worksheet to develop a consolidated statement of cash flows using the direct method for computing cash flows from operations.
In p10-21,

WEATHERBEE COMPANY AND SUBSIDIARY
Consolidated Retained Earnings Statement
Year Ended December 31, 20X6
Balance, January 1, 20X6 ..... $290,000
Income to Controlling Interest.... 148,000
$438,000
Dividends Declared, 20X6 ....... (65,000)
Balance, December 31, 20X6..... $373,000

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WEATHERBEE COMPANY AND SUBSIDIARY Consolidated Balance Sheets January 1, 20X6 December 31, 20X6 Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Total Assets S 54,000 121,000 230,000 95,000 800,000 (290,000) 51,010,000 75,000 111,000 360,000 100,000 650,000 (230,000) $1,066,000 Accounts Payable Bonds Payable Noncontrolling Interest Common Stock Retained Earnings Total Liabilities & Owners' Equity S 90,000 300,000 30,000 300,000 290,000 $1.010.000 $105,000 250,000 38,000 300,000 373,000 $1,066,000 WEATHERBEE COMPANY AND SUBSIDIARY Consolidated Income Statement Year Ended December 31, 20X6 $1,070,000 30,000 $1,100,000 $ 750,000 40,000 150,000 5 (940,000) $ 160,000 (12,000) $ 148,000 Sales Gain on Sale of Equipment Cost of Goods Sold Depreciation Expense Other Expenses Total Expenses Consolidated Net Income Income to Noncontrolling Interest Income to Controlling Interest