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	$	460			$	190
Accounts receivable		510				270
Inventory		660				390
Land		700				605
Building		800				800
Less: Accumulated depreciation		(300)				(275)
Equipment		2,900				2,630
Less: Accumulated depreciation		(493)				(460)
Patent		1,800				2,100
	$	7,037			$	6,250
Liabilities
Accounts payable	$	760			$	560
Accrued expenses payable		230				210
Lease liabilityland		130				0
Shareholders' Equity
Common stock		2,620				2,500
Paid-in capitalexcess of par		600				530
Retained earnings		2,697				2,450
	$	7,037			$	6,250

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in 000s)
Revenues
Sales revenue	$	3,061
Gain on sale of land		70		$	3,131
Expenses
Cost of goods sold	$	960
Depreciation expensebuilding		25
Depreciation expenseequipment		384
Loss on sale of equipment		20
Amortization of patent		300
Operating expenses		600			2,289
Net income				$	842

Additional information from the accounting records:

1. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018.
2. During 2018, equipment with a cost of $390,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $190,000 and $405,000 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.)