Consider the following data reported in the accounts of a parent company and its 80-percent-owned subsidiary:

1. Includes equity in net income of the subsidiary.
2. Goodwill impairment losses are shared with the noncontrolling interest in proportion to ownership interests.
Required
Prepare the cash flow from operating activities section of the consolidated statement of cash flows, in proper form, using the indirect method. Assume no adjustment is required for changes in consolidated current asset and current liability accounts.

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(in thousands) Parent Subsidiary $1,000,000 175,000 50,000 250,000 60,000 35,000 Net income $240,000 38,000 Amortization expense.... Dividends paid in cashww Income from equity method investments..... Cash dividends received from equity investments Items appearing in eliminating entries: 75,000 Revaluation write-offs Depreciation expense..$ 3,000 Amortization expense . *.15,000