The following information has been taken from the consolidation worksheet of Graham Company and its 80% owned subsidiary, Stage Company.

(1.) Graham reports a loss on sale of land (to an outside party) of $5,000. The land cost Graham $20,000.

(2.) Noncontrolling interest in Stage's net income was $30,000.

(3.) Graham paid dividends of $15,000.

(4.) Stage paid dividends of $10,000.

(5.) Excess acquisition-date fair value over book value amortization was $6,000.

(6.) Consolidated accounts receivable decreased by $8,000.

(7.) Consolidated accounts payable decreased by $7,000.

Where does the noncontrolling interest in Stage's net income appear on a consolidated statement of cash flows?

Multiple Choice

• $30,000 increase as an investing activity on the consolidated statement of cash flows.

• $30,000 decrease as an investing activity on the consolidated statement of cash flows.

• Noncontrolling interest in Stage's net income does not appear on a consolidated statement of cash flows.

• $30,000 deducted from net income as an operating activity on the consolidated statement of cash flows.

• $30,000 added to net income as an operating activity on the consolidated statement of cash flows.