A Company owns more than 50% of B Company. The consolidated financial statements showed the following amounts: 

Assume A Company uses the indirect method to prepare the operating cash flows section of the cash flow statement.

Required
1) What will be reported as "Net income" for the first line of the operating cash flows section of the consolidated statement of cash flows?

2) What will be reported as " Net cash flow from operating activities" on the consolidated statement of cash flows?

Consolidated net income Net income attributable to the noncontrolling interest Net income attributable to the parent Selected Additional information on the consolidated financials Gain on sale of investments (included on the income statement) Depreciation expense (included on the income statement) Increase in accounts receivable $54,000 $20,000 $34,000 $2,300 $8,000 $500