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	$	490			$	280
Accounts receivable		570				300
Inventory		720				405
Land		750				720
Building		700				700
Less: Accumulated depreciation		(300	)			(260)
Equipment		3,050				2,810
Less: Accumulated depreciation		(376	)			(340	)
Patent		1,100				1,300
	$	6,704			$	5,915
Liabilities
Accounts payable	$	820			$	520
Accrued liabilities		260				225
Lease liabilityland		130				0
Shareholders' Equity
Common stock		2,680				2,500
Paid-in capitalexcess of par		600				575
Retained earnings		2,214				2,095
	$	6,704			$	5,915

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	2,777
Gain on sale of land		85		$	2,862
Expenses
Cost of goods sold	$	1,020
Depreciation expensebuilding		40
Depreciation expenseequipment		468
Loss on sale of equipment		20
Amortization of patent		200
Operating expenses		400			2,148
Net income				$	714

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 $480,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $205,000 and $390,000 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.)