Plateau Company Acquires an 80% Interest in Seagull Company for $200,000

Plateau Company acquires an 80% interest in Seagull Company for $200,000 cash on January 1, 2020.On that date, Seagull's equipment is undervalued by $25,000; any excess of cost over book value is attributed to goodwill.Seagull's balance sheet on the date of the purchase is as follows:
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$\begin{array}{lrlr}& \text { Assets } & & \text { Liabilities and Equity } \\\text { Cash } & \$ 30,000 & \text { Current liabilities } & \$ 30,000 \\\text { Inventory } & 30,000 & \text { Long-term liabilities } & 40,000 \\\text { Property, (net) } & \underline{210,000} & \text { Common Stock (no par) } & 150,000\\&&\text { Retained Earnings } & 50,000 \\\text { Total assets } & \$ 270,000&\text { Total liabilities \& equity } & \$ 270,000\end{array}$ The controlling interest in consolidated net income for 2020 is $97,900; the non-controlling interest is $6,000.During the year Plateau retired long-term debt by issuing common stock.Dividends declared and paid during the year by Plateau and Seagull were $30,000 and $15,000, respectively.During the year Seagull sold equipment with a book value of $30,000 for a gain of $3,000; there were no purchases of property, plant, or equipment during the year.
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$\begin{array}{lrr}& \text { Plateau } & \text { Consolidated } \\ & { 1 / 1 / 20 } & { 12 / 31 / 20 } \\\text { Cash } & 100,000 & 87,100 \\\text { Inventory } & 50,000 & 73,000 \\\text { Property (net) } & 600,000 & 772,000 \\\text { Goodwill } & & 25,000 \\\text { Current Liabilities } & (80,000) & (126,200) \\\text { Long-term Liabilities } & (100,000) & (130,000) \\\text { NCI } & & (53,000 \\\text { Paid-in Capital } & (400,000) & (410,000) \\\text { Retained Earnings } & (170,000) & (237,900)\\&--&--\end{array}$ ?
Required:
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Prepare a statement of cash flows using the indirect method for Plateau Company and its subsidiary for the year ended December 31, 2020.