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The Following Information Was Derived from the 2017 Consolidated Financial

question 52

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The following information was derived from the 2017 consolidated financial statements of X Inc., which owns 80% of Y Inc. as well as 40% of Z Inc.:  Equity Earnings from Z Inc. $120,000 Decrease in Accounts Payable $5,000 Increase in Accounts Receivable $10,000 Increase in Inventory $20,000 Increase in Bonds Payable $40,000 Depreciation $20,000 Loss on sale of machinery $10,000 Carrying value of machinery sold $60,000 Diwidends received from Z Inc. $10,000 Purchase of a building for cash $400,000 Goodwill impairment loss $5,000 Entity Net Inc ome allocated to non-controlling interes $5,000 Consolidated net income allocated to Parent $950,000 Diwidends paid by X Inc. $40,000 Diwidends paid by Y Inc. $12,000\begin{array}{|l|l|}\hline \text { Equity Earnings from Z Inc. } & \$ 120,000 \\\hline \text { Decrease in Accounts Payable } & \$ 5,000 \\\hline \text { Increase in Accounts Receivable } & \$ 10,000 \\\hline \text { Increase in Inventory } & \$ 20,000 \\\hline \text { Increase in Bonds Payable } & \$ 40,000 \\\hline \text { Depreciation } & \$ 20,000 \\\hline \text { Loss on sale of machinery } & \$ 10,000 \\\hline \text { Carrying value of machinery sold } & \$ 60,000 \\\hline \text { Diwidends received from Z Inc. } & \$ 10,000 \\\hline \text { Purchase of a building for cash } & \$ 400,000 \\\hline \text { Goodwill impairment loss } & \$ 5,000 \\\hline \text { Entity Net Inc ome allocated to non-controlling interes } & \$ 5,000 \\\hline \text { Consolidated net income allocated to Parent } & \$ 950,000 \\\hline \text { Diwidends paid by } X \text { Inc. } & \$ 40,000 \\\hline \text { Diwidends paid by } Y \text { Inc. } & \$ 12,000 \\\hline\end{array} The cash balance at the start of 2017 was $200,000.
Required:
Prepare the consolidated statement of cash flows for Lime Inc for the year ended December 31, 2017.

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Definitions:

Connective Tissues

Tissues in the body that support, bind together, or separate other tissues and organs, characterized by few cells and substantial extracellular matrix.

Bone and Cartilage

Connective tissues in the body, where bone is hard and dense, providing structure and support, while cartilage is more flexible and cushions joints.

Lacunae

Small cavities in bone or cartilage tissue housing cells like osteocytes or chondrocytes.

Simple Squamous Epithelium

A single layer of flat cells lining surfaces where diffusion or filtration occurs, such as the alveoli in the lungs.

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