P Corporation acquired 80 percent ownership of S Company on January 1, 20X6, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 20 percent of the book value of S Company. Consolidated balance sheets at January 1, 20X8, and December 31, 20X8, are as follows:

Item	Jan 1, 20X8	Dec 31, 20X8
Cash	50,000	80,000
Accounts Receivable	75,000	90,000
Inventory	85,000	100,000
Land	60,000	80,000
Buildings & Equipment	300,000	350,000
Less: Accumulated Depreciation	(90,000)	(120,000)
Patents	12,000	10,000
Total Assets	492,000	590,000
Accounts Payable	40,000	58,000
Wages Payable	20,000	16,000
Notes Payable	150,000	175,000
Common Stock $5 par	100,000	100,000
Retained Earnings	162,000	218,000
Noncontrolling Interest	20,000	23,000
Total Liabilites & Equity	492,000	590,000
The consolidated income statement for 20X8 contained the following amounts:
Sales		400,000
Cost of Goods Sold	172,000
Wage Expense	45,000
Depreciation Expense	30,000
Interest Expense	12,000
Amortization Expense	2,000
Other Expenses	52,000	(313,000)
Consolidated Net Income		87,000
Income to Noncontrolling Interest		(6,000)
Income to Controlling Interest		81,000

P and S paid dividends of $25,000 and $15,000, respectively, in 20X8.

Prepare a worksheet to develop a consolidated statement of cash flows for 20X8 using the indirect method of computing cash flows from operations.