Comparative consolidated balance sheets and the intervening income statement for Prime Casinos and its subsidiary Saratoga International Hotels are shown below: PRIME CASINOS and SARATOGA INTERNATIONAL HOTELS Consolidated Statement of Income and Retained Earnings For Year Ended December 31, 2013 Sales and other revenue $3,555 Cost of goods sold (1,700) Operating expenses (1,243) Consolidated net income 612 Noncontrolling interest in net income (12) Controlling interest in net income , 600 Retained earnings, January 1, 2013 900 Dividends paid (435) Retained earnings, December 31, 2013 $1,065 Additional information (in millions): 1. Consolidated depreciation expense was $250. 2. During the year, plant assets of $675 were acquired for cash. 3. Operating expenses include $10 in losses on sale of plant assets for cash. Required Prepare, in good form, the consolidated statement of cash flows for the year ended December 31,2013.
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Comparative consolidated balance sheets and the intervening income statement for Prime Casinos and..
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