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 52e 330 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Lesst Accumulated depreciation Patent 5 $ 225 630 780 420 550 540 700 700 (300) (280) 3,200 2,990 (439) (400) 1,400 1,500 $ 7,041 $ 6,025 $ $ 380 290 1:30 630 240 Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Connon stock Paid in capital-excess of par Retained earnings 3,600 550 1,591 $ 7,01 3,500 438 1,225 $ 6,025 METABOLIZE INDUSTRIES The Statent For the Year Ended December 31, 2021 is in thousands) Revenues Sales revenue $ 5,078 ani on sale of land 00 $ 3,130 1,000 20 Cost of goods sold Depreciation expense-building Depreciation expense-uipent Loss on sale of wipent Amortization of patent 25 100 Net com 2122 901 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 $570,000 (90% depreciated) was sold. c. 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 for Metagrobolize Industries using the indirect method (Enter your answers in thousands (t.e., 10,000 should be entered os 10).) Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2021 (5 in 000s) Cash flows from operating activities Net income Adjustments for noncash effects Changes in operating assets and habilities: 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