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 (s in 000s) 2018 2017 Assets $ 450 160 260 385 590 800 (250) (230) 2,570 490 640 650 800 Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment 2,850 (440) (472) 1,700 Less: Accumulated depreciation 1,950 6,858 6,045 Patent Liabilities Accounts payable Accrued Lease 1iability-land ShareholdersEquity Common stock Paid-in capital-excess of par Retained earnings $ 740 440 155 expenses payable 220 2,500 515 2,435 $6,858 6,045 2,600 600 2,568 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 (s in 000s) Revenues $2,839 Sales revenue Gain on sale of land 65 $2,904 Expenses Cost of goods sold Depreciation expens Depreciation expense-equipment Loss on sale of equipment Amortization of patent Operating expenses $ 940 20 356 10 250 ng 600 2,176 $ 728 Net income 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 $360,000 (90% depreciated) was sold c. The statement of shareholders' equity reveals reductions of $185,000 and $410,000 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.)