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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

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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 Cash Accounts receivable Inventory Land Building $ 450 160 260 385 590 800 490 640 650 800 Less: Accumulated depreciation (250) (230) Equipment 2,8502,570 Less: Accumulated depreciation (472) (440) Patent 1,950 S 6,858 S 6,045 1,700 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings $ 740 440 155 220 130 2,600 2,500 515 2,435 S 6,858 S 6,045 600 2,568 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 $in 000s) Revenues $ 2,839 Sales revenue Gain on sale of land 65 $ 2,904 Expenses Cost of goods sold Depreciation expense-building Depreciation expense-equipment Loss on sale of equipment Amortization of patent Operating expenses $ 940 356 250 5 600 2,176 $ 728 Net income Additional information from the accounting records a. Annual payments of $20,000 on the finance lease llability are pald each January 1, beginning in 2018 D. 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 $410,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the Indirect method. (Enter your answers In thousands. (l.e., 10,000 should be entered as 10).) Amounts to be deducted should be Indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Adjustments for noncash effects: Changes in operating assets and liabilities. Noncash investing and financing activities

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