2017 METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 0003) 2018 Assets Cash 400 Accounts receivable 430 Inventory 580 Land 550 Building 900 Less: Accumulated depreciation (250) Equipment 2,700 Less: Accumulated depreciation (409) Patent 1,400 $ 6,301 $ 170 230 370 545 900 (210) 2,390 (380) 1,500 $5,515 $ $ 680 190 130 480 115 0 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 3,160 500 1,641 $ 6,301 3,000 490 1,430 $5,515 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in 0003) Revenues Sales revenue $ 2,608 Gain on sale of land 50 $2,658 Expenses Cost of goods sold 880 Depreciation expense-building Depreciation expense-equipment Loss on sale of equipment Amortization of patent Operating expenses Net income $ 806 $0 272 100 550 1,8 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 $270,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $170,000 and $425,000 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.)