13 Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. nts METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) Skipped 2018 2017 eBook Print Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent $ 450 490 640 650 800 (250) 2,850 (472) 1,700 $ 6,858 $ 160 260 385 590 800 (230) 2,570 (440) 1,950 $ 6,045 eferences $ 740 $ 440 220 155 1300 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 2,600 600 2,568 $ 6,858 2,500 515 2,435 $ 6,045 METAGROBOLIZE INDUSTRIES Income Statement 13 oints METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 2,839 Gain on sale of land 65 $ 2,904 Expenses Cost of goods sold $ 940 Depreciation expense-building 20 Depreciation expense-equipment 356 Loss on sale of equipment 10 Amortization of patent 250 Operating expenses $ 600 2,176 Net income $ 728 Skipped eBook Print References Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018. b. During 2018, equipment with a cost of $360,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $185,000 and $410,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Enter your answers in thousands. (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For vear ended December 31, 2018 rul yedi nuuu uuuuuul ol, AUTO 13 ($ in 000s) Adjustments for noncash effects: oints Skipped eBook Print References Changes in operating assets and liabilities: 13 Changes in operating assets and liabilities: Skipped eBook Print eferences 0 13 points Skipped eBook Print References Noncash investing and financing activities