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. 2020 METAGBOBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 (5 in thousands) 2021 Assets Cash $ 410 Accounts receivable 410 Inventory 560 Land 575 Building 900 Les Accumulated depreciation (200) Equipment 2.650 Less: Accumulated depreciation (388) Patent 1.300 $ 6.217 Liabilities Recounte payable $ 660 Accrued liabilities 180 Leate liability-land 130 Shareholders' Equity Connon stock 3.160 Paid-in capital-excess of par 500 Retained earnings 1.587 $ 6,217 $ 150 220 365 530 900 (165) 2.330 (360) 1.600 $ 5,570 $ 360 130 0 3,000 495 1.585 $5.570 3 2.596 NE TAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 (1 in thousand Revenues Sales tevens $ 2.551 Gain on sale of land 45 Expenses Cost of goods sold B60 Depreciation expense-building 35 Depreciation expense -equipment 244 Loss on sale of equipment 10 intitation of patent 300 Operating expenses 550 Net Income 1.999 $ 597 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 $240,000 (90% depreciated) was sold c. The statement of shareholders' equity reveals reductions of $165,000 and $430,000 for stock dividends and cash dividends, respectively, ok Required: Prepare the statement of cash flows for Metagrobolize Industries using the Indirect method (Enter your answers in thousands (.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.) ht nces METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2021 (5 in 000) Cash flows from operating activities Net Income Adjustments for noncesh effects Changes in operating assets and liabilities Net cash flows from operating activities Cash flows from investing activities For year ended December 31, 2021 (5 in 000) Cash flows from operating activities Net income Adjustments for noncash effects. Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities: Nel cash flows from financing activities Net Increase in cash Cash balance January 1 Cash balance, December 31 Noncash investing and financing activities