I have to create Partial CASH FLOW STATEMENT.- Operating Section
Company had net income before taxes, dividends, interest income and expense and discontinued Operations of 8,000,000
Discontinued Operations gain was 800,000 net of tax expense 320,000
Income tax expense was 2,200,000 for year but income tax of $ 2,300,000 were paid in the year
Dividends income was $800,000 during the year and $ 1,000,000 in dividends were paid to share holders
Interest Expense was $ 600,000 but company only paid $ 550,000 interest during year
Company received Interest income of $ 650,000 during year and booked $ 800,000 interest revenue
Amortization was 6,100,000
Gain of sale of equipment 650,000
A/R Increased 750000
Inventory Decreased $ 650,000
Prepaid Expenses decreased by 150,000
AP Increased by 290,000


I tried to create CASH flow Statement Operating Activities Indirect Method

Net Income: 8,000,000
Depreciation Expense 6,100,000
Gain of Sale of Equipment ( 650,000)
A/R Increased (750,000)
Inventory Decreased 650,000
Prepaid Expenses Decreased 150,000
Accounts Payable Increase 290,000
Net Change in Cash Flow 13,790,000

This is what I have created few things I don't know
Discontinued Operations.
Income tax expense ( Usually we subtract income tax expense before getting to net income so why its saying NET INCOME before taxes)
Dividend Income (Paid and Received) shouldn't this be in Financing and Investing Section
Interest Expense and Received ( Should be Interest received in Investing Section and Interest Expense in DIRECT METHOD CASH FLOW STATEMENT.

Since its Partial I can even check if I am correct.