Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 00s) 2018 2017 Assets 160 Accounts receivable Inventory Land Building Les Accumulated depreciation Equipment Lessi Accumulated depreciation Patent 450 490 640 650 800 (250) 2.850 (472) 1,700 $ 6,858 260 385 590 800 (230) 2,570 (440) 1.950 $6,045 $ $ 740 220 130 440 155 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 2,500 515 2,600 600 2,568 $ 6,858 2,435 $6,045 MATAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in 00s) $2.839 65 $2,904 940 Sales revenue Gain on sale of land Expenses Cost of goods sold Depreciation expense-building Depreciation expense-equipment Loss on sale of equipment Amortization of patent Operating expenses Net income 356 10 250 600 2,176 Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018. b. During 2018, equipment with a cost of $360,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $185,000 and $410,000 for stock dividends and cash dividends, respectively Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Enter your answers in thousands lie.. 5.000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2018 (5 in 000s) Cash inflows Cash outflow