Comparative consolidated financial statements for Pam Corporation and its 80 percent-owned subsidiary at and for the years ended December 31 are summarized as follows:
Pam Corporation and subsidiary comparative consolidated financial
Statements at and for the year ended December 31 (in thousands)

Required:
Prepare a consolidated statement of cash flows for Pam Corporation and Subsidiary for the year ended December 31, 2016. Assume that all changes in plant assets are due to asset acquisitions with cash and depreciation. Income and dividends from 20 percent- to 50 percent-owned investees for 2016 were $120,000 and $60,000, respectively. Pam's only subsidiary reported $400,000 net income for 2016 and declared $200,000 in dividends during the year. Patent amortization for 2016 is $20,000?

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Year's Change Year 2016 Year 2015 2016-2015 Income and Retained Earnings Statements Sales Income-equity investees Cost of sales Depreciation expense Other operating expenses Noncontrolling interest share Controlling share of income Retained earnings, January 1 Dividends $5,200 120 (2,900) (400) (940) (80) $ 400 20 84 100 $4,800 100 (2,816) (300) (924) (60) 800 1,400 (200) $2,000 20 200 600 100 $ 700 1,000 2,000 (300) $2,700 Retained earnings, December 3 Year's Change Year 2015 2016-2015 4 Accounts receivable-net Plant and equipment-net Equity investments 3,000 $8,600 $7400 Accounts payable Dividends payable Long-term note payable Retained earnings Noncontrolling interest-20% $8,600 $7400