Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. comparar 31. housands 2020 METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 Assets Cash $ 580 Accounts receivable 600 Inventory 900 Land 675 Building 900 Less: Accumulated depreciation (300) Equipment 2,850 Less: Accumulated depreciation (525) Patent 1,200 $6,880 Liabilities Accounts payable $ 750 Accrued liabilities 309 Lease liability-land 139 Shareholders' Equity Common stock 3,150 Paid-in capital-excess of par 750 Retained earnings 1,800 $6,880 $ 375 450 525 600 900 (270) 2,250 (480) 1,500 $5,850 $ 450 225 3,000 675 1,500 $5,850 $2,735 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $2,645 Gain on sale of land 90 Expenses Cost of goods sold Depreciation expense-building 30 Depreciation expense-equipment 315 Loss on sale of equipment Amortization of patent 300 Operating expenses 500 Net income 600 15 1,76 $ 975 Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. b. During 2021, equipment with a cost of $300,000 (90% depreciated) was sold. C. The statement of shareholders' equity reveals reductions of $225,000 and $450,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).) Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (ie., 10,000 should be entered as 10).) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2021 1$ in 000s) Cash flows from operating activities: INet income Adjustments for noncash effects: Changes in operating assets and Nabities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities