Company S Has Been an 80%-Owned Subsidiary of Company P

Company S has been an 80%-owned subsidiary of Company P since January 1, 2018.The determination and distribution of excess schedule prepared at the time of purchase was as follows:
?
?
On January 2, 2019, Company P issued $120,000 of 8% bonds at face value to help finance the purchase of 25% of the outstanding common stock of Alpha Company for $200,000.No excess resulted from this transaction.Alpha earned $100,000 net income during 2019 and paid $20,000 in dividends.
?
The only change in plant assets during 2019 was that Company S sold a machine for $10,000.The machine had a cost of $60,000 and accumulated depreciation of $40,000.Depreciation expense recorded during 2019 was as follows:
?
?
$$\begin{array} { l r r r } & \text { Company P } & \text { Company S } & \text { Alpha Company } \\\text { Buildings } & \$ 15,000 & \$ 8,000 & \$ 12,000 \\\text { Machinery } & 35,000 & 20,000 & 4,000\end{array}$$ The 2019 consolidated income was $180,000, of which the NCI was $10,000.Company P paid dividends of $12,000, and Company S paid dividends of $10,000.
?
Consolidated inventory was $287,000 in 2018 and $223,000 in 2019; consolidated current liabilities were $246,000 in 2018 and $216,700 in 2019.Cash increased by $203,700.
?
Required:
?
Using the indirect method and the information provided, prepare the 2019 consolidated statement of cash flows for Company P.and its subsidiary, Company S.