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Following are the consolidated balance sheet accounts of Primer Incorporated and its subsidiary, Sore Corporation, as of December $31,\text{ }20$X$6$ and $20$X$5.$

$\mathrm{ }20$X$620$X$5$Net Increase $($Decrease$)$Assets$\mathrm{ }\mathrm{ }\mathrm{ }$Cash$ $314,000$$ $196,000$$ $118,000$Marketable Equity Securities, at cost$185,000185,0000$Allowance to Reduce Marketable Equity Securities to Market$(16,000)(27,000)11,000$Accounts Receivable, net$422,000444,000(22,000)$Inventories$611,000541,00070,000$Land$407,000192,000215,000$Plant and Equipment$774,000709,00065,000$Accumulated Depreciation$(185,000)(131,000)(54,000)$Goodwill$,$ net$64,00067,000(3,000)$Total Assets$ $2,576,000$$ $2,176,000$$ $400,000$Liabilities and Stockholders$\mathrm{’}$ Equity$\mathrm{ }\mathrm{ }\mathrm{ }$Current Portion of Long$-$Term Note$ $150,000$$ $150,000$$ $0$Accounts Payable and Accrued Liabilities$578,000457,000121,000$Note Payable, Long$-$Term$293,000443,000(150,000)$Deferred Tax Liability, net$44,00032,00012,000$Minority Interest in Net Assets of Subsidiary$171,000153,00018,000$Common Stock, par $$10575,000475,000100,000$Additional Paid$-$In Capital$288,000165,000123,000$Retained Earnings$477,000340,000137,000$Treasury Stock, at cost$0(39,000)39,000$Total Liabilities and Stockholders$\mathrm{’}$ Equity$ $2,576,000$$ $2,176,000$$$400,000$

Additional Information

On January $20,\text{ }20$X$6,$ Primer issued $10,000$ shares of its common stock for land having a fair value of $$215,000.$

On February $5,\text{ }20$X$6,$ Primer reissued all of its treasury stock for $$44,000.$

On May $15,\text{ }20$X$6,$ Primer paid a $$65,000$ cash dividend on its common stock.

On August $8,\text{ }20$X$6,$ Primer purchased equipment for $$135,000.$

On September $30,\text{ }20$X$6,$ Primer sold equipment for $$48,000.$ The equipment cost $$70,000$ and had a carrying amount of $$42,000$ on the date of sale.

On December $15,\text{ }20$X$6,$ Sore paid a cash dividend of $$57,000$ on its common stock.

Sore recognized goodwill impairment loss of $$3,000$ in $20$X$6.$

Deferred income taxes represent temporary differences between book and tax bases of accounts receivable, marketable equity securities and plant and equipment.

Net income for $20$X$6$ was as follows:

Consolidated net income$ $240,100$Sore Corporation$119,100$

Primer owns $70$ percent of its subsidiary, Sore. No change in the ownership interest in Sore occurred during $20$X$5$ and $20$X$6.$ No intercompany transactions occurred other than the dividend paid to Primer Incorporated by its subsidiary.

Prepare a consolidated statement of cash flows for Primer Incorporated and its subsidiary for the year ended December $31,\text{ }20$X$6,$ using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign.

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