Refer to the data provided in the P 21–5 for Metagrobolize Industries.

Required:
Prepare the statement of cash flows for Metagrobolize Industries. Use the T-account method to assist in your analysis.

 P 21–5

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METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 (S in thousands) 2021 2020 Assets Cash $ 580 $ 375 Accounts receivable 600 450 Inventory 900 525 Land 675 600 Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation 900 900 (300) 2,850 (525) 1,200 (270) 2,250 (480) 1,500 Patent $6,880 $5,850 Liabilities Accounts payable $ 750 $ 450 Accrued liabilities 300 225 Lease liability-land Shareholders' Equity 130 Common stock 3,150 3,000 Paid-in capital-excess of par Retained earnings 750 675 1,500 1,800 $6,880 $5,850