Information needed to prepare the Cash Flow from Operating Activities section of Pam Corporation’s 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

REQUIRED:Prepare the Cash Flows from Operating Activities section of Pam’s consolidated statement of cash flows under the indirect method.