Prepare cash flows from operating activities section (direct method)The accountant for Pil...

Prepare cash flows from operating activities section (direct method)

The accountant for Pil Corporation collected the following information that he thought might be useful in the preparation of the company’s consolidated statement of cash flows (in thousands):

REQUIRED: Prepare the Cash Flows from Operating Activities section of the consolidated statement of cash flows for Pil Corporation and Subsidiaries using the direct method of presentation.