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 000s)
	2018				2017
Assets
Cash	$	580			$	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
	$	6,880			$	5,850
Liabilities
Accounts payable	$	750			$	450
Accrued expenses payable		300				225
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,150				3,000
Paid-in capitalexcess of par		750				675
Retained earnings		1,800				1,500
	$	6,880			$	5,850

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ 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:

Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018.

During 2018, equipment with a cost of $300,000 (90% depreciated) was sold.

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).)

Required: Prepare the ststement of cash flows for Metagrobolize Industries using the indlirect method. (Amounts to be deducted should be Indicated with a minus sign. Enter your answers In thousands. (Le., 10,000 should be entered as 10).) INDU STRIES statement of Caeah Flowe For year ended December 31, 2018 S In 0008) Cash flows from operating activities: Net Income Adjustments for noncash efrects 5 975 Depreclaton expenee Bulliding Depreclation expenee-Equlpment Amornization of patent Galn on sale of land Loss on sale of equipment Decreaee In accounts recelvable Decreaee In Inventory Increae In accounte payable 15 150) Changes n operaing assets and Macire Increaae In accrued expenee6 Net cash fows from operating acivines 5 1,395 sh fows from Investing activitles Purchase of equlpment Sale of land Sale of equipment 165 15 Net cash fiows from investing acivites 720) sh flowe from financing aciMitlee Payment of cash dividende Payment on leaee llablity 450) Net cash fows from Mancing activibies 470) Net Increase In caeh 205 Cash balance, January1 Cash balance, December 31 Noncash Investing and financing actMdes