E 4-6 Prepare cash flow from operating activities section]

Information regarding the cash flow activities of Mahdi Corporation is given below:

Consolidated net income $500,000 Depreciation on buildings 100,000 Depreciation on equipment 80,000 Increase in accounts receivable 25,000 Increase in inventories 40,000 Loss on sale of land 20,000 Noncontrolling interest share 100,000 Decrease in accounts payable 30,000 Undistributed income of equity investees 10,000 Noncontrolling interest dividends 5,000 Amortization of patents 10,000 Proceeds from sale of land 10,000 REQuIRED:Prepare the Cash Flows from Operating Activities section of Mahdi’s consolidated statement of cash flows under the indirect method.