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 $ 635 $ 385 Accounts receivable 620 460 Inventory 920 535 Land 695 610 Building 920 920 Less: Accumulated depreciation (320) (280) Equipment 2,870 2,260 Less: Accumulated depreciation (545) (490) Patent 1,220 1,530 $ 7,015 $ 5,930 Liabilities Accounts payable $ 770 $ 460 Accrued expenses payable 320 240 Lease liabilityland 170 0 Shareholders' Equity Common stock 3,160 3,010 Paid-in capitalexcess of par 770 690 Retained earnings 1,825 1,530 $ 7,015 $ 5,930 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in 000s) Revenues Sales revenue $ 2,722 Gain on sale of land 91 $ 2,813 Expenses Cost of goods sold $ 610 Depreciation expensebuilding 40 Depreciation expenseequipment 334 Loss on sale of equipment 12 Amortization of patent 310 Operating expenses $ 510 1,816 Net income $ 997 Additional information from the accounting records: a. During 2016, equipment with a cost of $310,000 (90% depreciated) was sold. b. The statement of shareholders' equity reveals reductions of $230,000 and $472,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries. (Hint: Use the T-account method to assist in your analysis.) (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).)