Additional information from the accounting records of Metagrobolize also is provided.

$\backslash$table$[[\backslash$table$[[$METAGROBOLIZE INDUSTRIES$],[$Comparative Balance Sheets$],[$December $31,2024$ and $2023],[($ $ in thousands$)]]],[,2024,2023],[$Assets$],[$Cash$,$$$480,$$$250],[$Accounts receivable,$550,290],[$Inventory$,700,400],[$Land$,700,650],[$Building$,800,800],[$Less: Accumulated depreciation,$(250),(215)],[$Equipment$,3,000,2,750],[$Less: Accumulated depreciation,$(355),(320)],[$Patent$,1,000,1,150],[$$$6,625,$$$5,755],[$Liabilities$],[$Accounts payable,$$800,$$$550],[$Accrued liabilities,$250,220],[$Lease liability$-$land,$130,0],[$Shareholders$\text{'}$ Equity$],[$Common stock,$2,660,2,500],[$Paid$-$in capital$-$excess of par,$600,560],[$Retained earnings,$2,185,1,925],[$$$6,625,$$$5,755],[\backslash$table$[[$METAGRoBOLIZE INDUSTRIES$],[$Income Statement$],[$For the Year Ended December $31,2024],[($ $ in thousands$)]]],[$Revenues$],[$Sales revenue,$$3,020,],[$Gain on sale of land,,$$3,100],[$Expenses$],[$Cost of goods sold,$1,000,],[$Depreciation expense$-$building,$35,],[$Depreciation expense$-$equipment,$440,],[$Loss on sale of equipment,$20,],[$Anortization of patent,$150,],[$Operating expenses,$600,2,245],[$Net income,,$$855]]$

Additional information from the accounting records:

a$.$ Annual payments of $$20,000$ on the finance lease liability are paid each January $1,$ beginning in $2024.$

b$.$ During $2024,$ equipment with a cost of $$450,000(90\%$ depreciated$)$ was sold.

c$.$ The statement of shareholders' equity reveals reductions of $$200,000$ and $$395,000$ for stock dividends and cash dividends, respectively.

Required:

Prepare the statement of cash flows for Metagrobolize Industries using the indirect method

Note: 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.

Answer is not complete.

$\backslash$table$[[$METAGROBOLIZE INDUSTRIES$],[$Statement of Cash Flows$],[$For year ended December $31,2024],[($$ in $000$s$)],[$Cash flows from operating activities:$],[$Net income,$8550,],[$Adjustments for noncash effects:$],[$Gain on sale of land,,$],[$Depreciation expense $-$ Building,,$],[$Depreciation expense $-$ Equipment,,$],[$Loss on sale of equipment,,$],[$Amortization expense,,$],[$Changes in operating assets and JiabWities:$],[$Increase in accounts recelvable,$(260)0,],[$Increase in inventory,$(300)0,],[$Increase in accounts payable,$2500,],[$Increase in accrued expenses,$300,],[$Net cash fows from operating activities,,$575],[$Cash flows from investing activities:$],[$Sale of land,$80$ox$,],[$Sale of equipment,,$],[$Purchase of equipment,,$],[$Net cash fows from investing activities,,$80],[$Cash flows from financing activities:$],[$Payment of dividends,,$],[$Payment on lease liability,,$],[$Net cash fows from financing activities,,$0],[$Net increase in cash$],[$Cash balance, January $1],[$Cash balance, December $31,,$$$],[$Noncash investing and financing activities:$],[$Payment of dividends,,$],[,,]]$