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. -52 2017 METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 0005) 2018 Asset Canh S 520 Accounts receivable 630 Inventory 780 Land 550 Building 700 LOSB Accumulated depreciation (300) Equipment 3,200 Loani Accumulated depreciation (439) Patent 1,400 $7.041 Liabilities Accounts payable 9 880 Merved expenses payable 296 Lease liability-land 100 Shareholders' Equity Common stock 3,600 Paid-in capital-excess of par 550 Retained earnings 1,591 $7,041 $ 225 330 420 540 700 (280 2.990 (400 2.500 $6,025 5 630 240 0 3,500 430 1,225 $6,025 METAGROBOLIZE INDUSTRIES Income Statement for the Year Ended December 31, 2018 ($ in 000) Revenues Sales revenue $3,078 Gain on sale of land 60 $3,138 Expenses Cost of goods sold $1,090 Depreciation expense-building 20 Depreciation expense-equipment 552 Logs on sale of equipment 25 Amortization of patent 100 Operating expenses $ 400 2,177 Net Income $961 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 $570,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $220,000 and $375,000 for stock dividends and cash dividends, respectively Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Ent 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus METAGROBOLIZE INDUSTRIES Statement of Canh Fiews For year anded December 31, 2018 (in 006) Adjustments for noncash effects Changes in erating assets and abilities Noncash investing and financing ac