Solero Company holds 70 percent of the common stock of Rivers, Incorporated, and 30 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2023 and 2024 (credit balances indicated by parentheses): Bolero Company and Consolidated Subsidiary Rivera Accounts Revenues 2823 2824 $ (885,000) $ (1,815,000) Cost of goods sold 547,000 Depreciation and amortization 114,000 (27,088) 37,000 Gain on sale of building Interest expense Consolidated net income to noncontrolling interest to parent company Retained earnings, 1/1 Net Income Dividends declared Retained earnings, 12/31 Cash Accounts receivable Inventory Buildings and equipment (net) Databases Total assets Accounts payable Bonds payable Noncontrolling interest in Rivera Common stock Additional paid-in capital Retained earnings Total liabilities and equities 687,000 97,000 37,000 (144,000) 16,000 $ (128,880) $ (387,000) (128,000) 57,888 $ (378,880) $ 87,000 164,000 (244,000) 18,000 $ (226,000) $ (378,000) (226,080) 187,888 $ (407,000) $164,000 147,000 354,888 711,000 287,800 647,000 164,000 $1,269,000 $ (147,808) (487,000) (30,000) (114,000) 152,000 $ 1,528,000 $ (114,080) (514,000) (48,880) (137,000) (184,000) (218,080) (378,880) (497,880) $ (1,269,088) $ (1,528,000) Additional Information for 2024 The parent issued bonds during the year for cash. Amortization of databases amounts to $12,000 per year. The parent sold a building with a cost of $74,000 but a $37,000 book value for cash on May 11. The subsidiary purchased equipment on July 23 for $203,000 in cash. Late in November, the parent issued stock for cash. During the year, the subsidiary paid dividends of $30,000. 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. BOLERO COMPANY AND CONSOLIDATED SUBSIDIARY RIVERA Consolidated Statement of Cash Flows Year Ending December 31, 2024 Cash from operating activities: Adjustment from accrual to cash: Net cash flow from operating activities S 0 Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Cash, January 1, 2024 Cash, December 31, 2024 0 0 0 S S 0