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Consolidated net income $10,000,000 Consolidated depreciation expense 1,500,000 Amortization of asset and liability revaluations: Previously unrecognized identifiable intangibles 700,000 Premium on long-term debt (40,000) (Net

Consolidated net income $10,000,000
Consolidated depreciation expense 1,500,000
Amortization of asset and liability revaluations:
Previously unrecognized identifiable intangibles 700,000
Premium on long-term debt (40,000)
(Net income - Dividends) reported by a 40-percent-owned equity investment 850,000
Decrease in noncash current operating assets 1,400,000
Decrease in current operating liabilities 1,050,000

Use the above data to prepare the operating cash flow section of a consolidated statement of cash flows, using the indirect method.

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