P4-16 Prepare cash flows from operating activities section (direct method)

The accountant for Pop Corporation collected the following information that he thought might be useful in the preparation of the company’s consolidated statement of cash flows (in thousands):

Cash paid for purchase of equipment $1,080 Cash paid for other expenses 1,800 Cash paid to suppliers 2,520 Cash received from customers 6,400 Cash received from sale of land 2,000 Cash received from treasury stock sold 1,600 Dividends from equity investees 160 Dividends paid to noncontrolling stockholders 80 Dividends paid to Pop’s stockholders 200 Gain on sale of land 800 Income from equity investees 320 Interest received from short-term loan 20 Noncontrolling interest share 180 REQuIRED: Prepare the Cash Flows from Operating Activities section of the consolidated statement of cash flows for Pop Corporation and Subsidiaries using the direct method of presentation.