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.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands)
		2021			2020
Assets
Cash	$	540			$	285
Accounts receivable		670				350
Inventory		820				430
Land		600				570
Building		900				900
Less: Accumulated depreciation		(250)				(220)
Equipment		3,300				3,110
Less: Accumulated depreciation		(481)				(440)
Patent		1,600				1,800
	$	7,699			$	6,785
Liabilities
Accounts payable	$	920			$	720
Accrued liabilities		310				250
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,640				3,500
Paid-in capitalexcess of par		550				460
Retained earnings		2,149				1,855
	$	7,699			$	6,785

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	3,152
Gain on sale of land		70		$	3,222
Expenses
Cost of goods sold	$	1,120
Depreciation expensebuilding		30
Depreciation expenseequipment		608
Loss on sale of equipment		25
Amortization of patent		200
Operating expenses		350			2,333
Net income				$	889

Additional information from the accounting records:

1. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021.
2. During 2021, equipment with a cost of $630,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $230,000 and $365,000 for stock dividends and cash dividends, respectively.

Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)