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2) Beta Corp. owns 80% of Gamma Corp. The Consolidated Financial Statements of Beta Corp. for 2019 and 2020 are shown below: 2) Beta Corp. Consolidated Balance Sheet 2019 Cash Accounts Receivable Inventory Land Plant and Equipment Accumulated Depreciation Goodwill Total Assets Accounts Payable Accrued Liabilities Bonds Payable Less Bond Discount Non-Controlling Interest Common Shares Retained Earnings Total Liabilities and Equity 2020 $180,000 $300,000 $400,000 $160,000 $1,650,000 ($800,000) $60,000 $1,950,000 $326,000 $350,000 $400,000 ($40,000) $214,000 $350,000 $350,000 $1,950,000 $40.000 $100,000 $100,000 $200.000 $1,170,000 ($770,000) $60,000 $900,000 $40.000 $140,000 $100,000 ($50,000) $200,000 $350,000 $120,000 $900,000 Beta Corp. Consolidated Income Statement, For the year ended December 31, 2020 Beta Corp Consolidated Income Statement, For the year ended December 31, 2020 Sales $500,000 Cost of sales Depreciation Interest expense Gain on land sale $115,000 $30,000 $50,000 ($10,000) Net income Attributable to: ($185,000) $315,000 Shareholders of Parent Non-Controlling Interest $300,000 $15,000 Other Information: 4 Beta purchased its interest in Gamma on January 1, 2016 for $360,000 when the company's net assets were valued at $300,000. The acquisition differential was allocated equally between goodwill and equipment, which was estimated to have a remaining useful life of ten years from the acquisition date. Gamma reported a net income of $75,000 and paid dividends of $5,000 during 2020. Beta issued $300,000 in bonds during the year. Beta reported an equity method net Income of $300,000 and paid $70,000 in dividends to its shareholders. Required: Prepare a Consolidated Statement of Cash Flows for Beta Corp. for 2020

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