2 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. ME TAGROBOL IZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 (s in ee0s) Assets Cash Accounts receivable Inventory Land Building s 560 370 718 860 700 900 (200) (160) 370 678 909 3,400 3,230 1,8082,100 Less: Accumulated depreciation Print Equipment ReferencesPatent Less: Accumulated depreciation (343) (300) 8,387 $ 7,620 Liabilities Accounts payable Accrued expenses payable Lease liability-land shareholders Equity Common stock Paid-in capital-excess of par Retained earnings $ 960 710 130 260 3,680 3,580 330 880 740 2,4872,410 8,387 7,620 2 1 s,387 7,620 Incone statement For the Year tnded Decesber 31, 2018 points s in 000s) Sales revenue Gain on sale of land 3,131 803,211 Expenses eflook Pint References Cost of (teds sold Depreciat ion expense-building Oepreciat ion expense equipment Loss on sale of equipment Meortization of patent Operating expenses 1 ,160 40 664 75 100 Net income s 672 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 $690000 (90% depreciated, was sold. c The stotement of shareholders' equity reveals reductions of $240.000 and $355,000 for stock dividends and cash dividends, respectively Prev 2of 2 Next 25 300 Anortization of patent Operating expenses 5 3502,539 s 672 Net income Additional information from the accounting records pped 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 $690,000 (90% depreciated) was sold ook rint ences tatement of shareholders equity reveals reductions of $240.000 and $355,000 for stock dividends and cash dividends, respectively Required: (Enter your answers in thousands. (i Prepare the statement of cash flows for Metagrobolize Industries using the indirect method 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 year ended December 31, 2018 (S in 000s) Adjustments for noncash effects Next K Prey 2 of 2 here to search DOLL