Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Indu Additional information from the accounting records of Metagrobolize also is provided. ME TAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in eees) 2018 2017 $ Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent $ 440 470 620 625 800 (200) 2,800 (451) 1,600 $ 6,704 190 25e 380 575 800 (170) 2,510 (420) 1,800 $ 5,915 $ $ 720 210 130 470 165 B Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 2,65e 500 2.494 $ 6,784 2,500 470 2,318 $ 5,915 ME TAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in bees) Revenues Sales revenue $2,807 Gain on sale of land be $2.867 Expenses Cost of goods sold $ 920 Depreciation expense-building Depreciation expense-equipment 328 $2,807 60 $2,867 Revenues 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 $ 920 30 328 10 209 609 2,088 $ 779 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 $330.000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $180,000 and $415,000 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 (I.e., 5,000 should be entered as 5). Amounts to be deducted should be Indicated with a minus slgn.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2018 (s in 000s) Cash flows from operating activities Cash inflows From customers S 2.587