Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
		2016		2015
Assets
Cash	$	410	$	190
Accounts receivable		450		240
Inventory		600		375
Land		600		560
Building		900		900
Less: Accumulated depreciation		(300)		(285)
Equipment		2,750		2,450
Less: Accumulated depreciation		(430)		(400)
Patent		1,500		1,650
	$	6,480	$	5,680
Liabilities
Accounts payable	$	700	$	550
Accrued expenses payable		200		175
Lease liabilityland		150		0
Shareholders' Equity
Common stock		3,110		3,000
Paid-in capitalexcess of par		550		485
Retained earnings		1,770		1,470
	$	6,480	$	5,680

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in 000s)
Revenues
Sales revenue	$	2,765
Gain on sale of land		55	$	2,820
Expenses
Cost of goods sold	$	900
Depreciation expensebuilding		15
Depreciation expenseequipment		300
Loss on sale of equipment		10
Amortization of patent		150
Operating expenses		550		1,925
Net income			$	895

Additional information from the accounting records:
a.	During 2016, equipment with a cost of $300,000 (90% depreciated) was sold.
b.	The statement of shareholders' equity reveals reductions of $175,000 and $420,000 for stock dividends and cash dividends, respectively.

Required:

Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2016. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)