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 $ 600 $ 375 Accounts receivable 600 450 Inventory 900 525 Land 675 600 Building 900 900 Less: Accumulated depreciation (300) (270) Equipment 2,850 2,250 Less: Accumulated depreciation (525) (480) Patent 1,200 1,500 $ 6,900 $ 5,850 Liabilities Accounts payable $ 750 $ 450 Accrued expenses payable 300 225 Lease liabilityland 150 0 Shareholders' Equity Common stock 3,150 3,000 Paid-in capitalexcess of par 750 675 Retained earnings 1,800 1,500 $ 6,900 $ 5,850. The pairs of numbers represent 2016 and 2015. The first number represents 2016 and the second number represents 2015 of the accounts. METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in 000s) Revenues Sales revenue $ 2,645 Gain on sale of land 90 $ 2,735 Expenses Cost of goods sold $ 600 Depreciation expensebuilding 30 Depreciation expenseequipment 315 Loss on sale of equipment 15 Amortization of patent 300 Operating expenses $ 500 1,760 Net income $ 975 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 $225,000 and $450,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)