Check my wo Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLTRE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 {$ in thousanda) 2021 2020 Assets Cash 470 $ 220 Accounts receivable 530 280 Inventory 680 395 Land 700 620 Building 800 800 Lessi Accumulated depreciation (200) (170) Equipment 2.950 2,690 Less Accumulated depreciation 334) (300) Patent 900 2,000 $ 7,496 $ 6,535 Liabilities Accounts payable $ 780 s 630 Accrued liabilities 240 215 Lesso liability-land 130 0 Shareholders' Equity Common stock 2,640 2,500 Paid-in capital excess of par 600 545 Retained earnings 3,106 2,645 $ 7,496 $ 6,535 METACRONOLTRE INDUSTRIES Income statement For the Year Winded Deher 11. 0021 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenge $ 3,123 Gain on sale of land 75 Expenses Cost of goods sold 980 Depreciation expense-building 30 Depreciation expense equipment 412 Loss on sale of equipment 20 Amortization of patent 100 Operating expenses 600 Net income $ 3,198 2,142 $ 1,056 Additional Information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. b. During 2021, equipment with a cost of $420,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $195,000 and $400,000 for stock dividends and cash dividends. respectively Check my 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 year ended December 31, 2021 (5 in 000) Cash flows from operating activities: Net Income Adjustments for noncash effects: Changes in operating assets and liabilities: $ 0 Netcosh flows from operating activities Cash flows from investing activities: 0 Net cash flows from operating activities Cash flows from investing activities: 0 Net cash flows from investing activities Cash flows from financing activities: 0 Net cash flows from financing activities Net Increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: $ 0