In its consolidated cash flow statement for the year ended december 31, 20x2, plant corporation reported operating cash inflows of $242,000, financing cash outflows of $239,000, investing cash outflows of $89,000 and an ending cash balance of $57,000. plant purchased 60 percent of stem company’s common stock on march 12, 20x1, at book value. stem reported net income of $40,000, paid dividends of $18,000 in 20x2, and is included in plant’s consolidated statements. plant paid dividends of $50,000 in 20x2. the indirect method is used in computing cash flow from operations.

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.