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	$	520			$	225
Accounts receivable		630				330
Inventory		780				420
Land		550				540
Building		700				700
Less: Accumulated depreciation		(300	)			(280)
Equipment		3,200				2,990
Less: Accumulated depreciation		(439	)			(400	)
Patent		1,400				1,500
	$	7,041			$	6,025
Liabilities
Accounts payable	$	880			$	630
Accrued liabilities		290				240
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,600				3,500
Paid-in capitalexcess of par		550				430
Retained earnings		1,591				1,225
	$	7,041			$	6,025

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	3,078
Gain on sale of land		60		$	3,138
Expenses
Cost of goods sold	$	1,080
Depreciation expensebuilding		20
Depreciation expenseequipment		552
Loss on sale of equipment		25
Amortization of patent		100
Operating expenses		400			2,177
Net income				$	961

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 $570,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $220,000 and $375,000 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.)

METAGROBOLIZE INDUSTRIES
Statement of Cash Flows
For the year ended December 31, 2021
($ in thousands)
Cash flows from operating activities:
Cash inflows:
Cash outflows:
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 (decrease) in cash
Cash balance, January 1
Cash balance, December 31
Noncash investing and financing activities: