On January 1, 2013, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $600 million cash. Wolfe€™s net income for the year ended December 31, 2013, was $300 million. During 2013, Wolfe declared and paid cash dividends of $60 million. Beilich recorded the investment as follows:

Required:
What would be the pretax amounts related to the investment that Beilich would report in its statement of cash flows for the year ended December 31,2013?

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Purchase Investment in Wolfe Construction shares $ in millions) 600 Cash Net income Investment in Wolfe Construction shares (20% x S300 million) 600 60 Investment revenue Dividends Cash (20% x $60 million) 60 12 in Wolfe Construction shares 12