Consolidated Statement of Cash Flows [AICPA Adapted] Following are the consolidated balance sheet

Consolidated Statement of Cash Flows [AICPA Adapted]

Following are the consolidated balance sheet accounts of Brimer Inc. and its subsidiary, Dore Corporation, as of December 31, 20X6 and 20X5.

	20X6	20X5	Net Increase
Assets			(Decrease)
Cash	$ 313,000	$ 195,000	$118,000
Marketable Equity Securities, at cost	175,000	175,000	0
Allowance to Reduce Marketable Equity
Securities to Market	(13,000)	(24,000)	11,000
Accounts Receivable, net	418,000	440,000	(22,000)
Inventories	595,000	525,000	70,000
Land	385,000	170,000	215,000
Plant & Equipment	755,000	690,000	65,000
Accumulated Depreciation	(199,000)	(145,000)	(54,000)
Goodwill, net	57,000	60,000	(3,000)
Total Assets	$2,486,000	$2,086,000	$400,000
Liabilities & Stockholders’ Equity
Current Portion of Long-Term Note	$ 150,000	$ 150,000	$ 0
Accounts Payable and Accrued Liabilities	595,000	474,000	121,000
Note Payable, Long-Term	300,000	450,000	(150,000)
Deferred Income Taxes	44,000	32,000	12,000
Minority Interest in Net Assets of Subsidiary	179,000	161,000	18,000
Common Stock, par $10	580,000	480,000	100,000
Additional Paid-In Capital	303,000	180,000	123,000
Retained Earnings	335,000	195,000	140,000
Treasury Stock, at cost	0	(36,000)	36,000
Total Liabilities & Stockholders’ Equity	$2,486,000	$2,086,000	$400,000

Additional Information

1. On January 20, 20X6, Brimer issued 10,000 shares of its common stock for land having a fair value of $215,000.

2. On February 5, 20X6, Brimer reissued all of its treasury stock for $44,000.

3. On May 15, 20X6, Brimer paid a $58,000 cash dividend on its common stock.

4. On August 8, 20X6, Brimer purchased equipment for $127,000.

5 . On September 30, 20X6, Brimer sold equipment for $40,000. The equipment cost $62,000 and had a carrying amount of $34,000 on the date of sale.

6. On December 15, 20X6, Dore paid a cash dividend of $50,000 on its common stock.

7. A Dore recognized goodwill impairment loss of $3,000 in 20X6.

8. Deferred income taxes represent temporary differences relating to the use of accelerated depreciation methods for income tax reporting and the straight-line method for financial reporting.

9. Net income for 20X6 was as follows:

Consolidated net income	$231,000
Dore Corporation	110,000

10. Brimer owns 70 percent of its subsidiary, Dore. No change in the ownership interest in Dore occurred during 20X5 and 20X6. No intercompany transactions occurred other than the dividend paid to Brimer Inc. by its subsidiary.

Required

Prepare a consolidated statement of cash flows for Brimer Inc. and its subsidiary for the year ended December 31, 20X6, using the indirect method.