E 4-6 Prepare cash flows from operating activities section Information needed to prepare the Cash Flow from Operating Activities section of Pam Corporations consolidated statement of cash flows is included in the following list:

Amortization of patents $ 16,000

Consolidated net income 150,000

Decrease in accounts payable 20,000

Depreciation expense 120,000

Increase in accounts receivable 105,000

Increase in inventories 45,000

Loss on sale of land 100,000

Noncontrolling interest share 50,000

Noncontrolling interest dividends 24,000

Undistributed income of equity investees 5,000 R E Q U I R E D : Prepare the Cash Flows from Operating Activities section of Pams consolidated statement of cash flows under the indirect method.