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 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent Liabilities Accounts payable Accrued expenses payable Lease liabilityland Shareholders' Equity Common stock Paid-in capitalexcess of par Retained earnings $ 2017 440 470 620 625 800 (200) 2,800 (451) 1,600 $6,704 $ $ $ 720 210 130 2,650 500 2,494 $6,704 190 250 380 575 800 (170) 2,510 (420) 1,800 $5,915 470 165 0 2,500 470 2,310 $5,915 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues 2,80 Sales revenue $ 7 Gain on sale of land Expenses Cost of goods sold Depreciation expensebuilding Depreciation expenseequipment Loss on sale of equipment Amortization of patent Operating expenses 60 $ 2,86 7 $ 920 30 328 10 200 600 2,08 8 Net income $ 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 $415,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Cash inflows: Cash outflows: $0 0 0 $0 Noncash investing and financing activities