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	$	410			$	150
Accounts receivable		410				220
Inventory		560				365
Land		575				530
Building		900				900
Less: Accumulated depreciation		(200	)			(165)
Equipment		2,650				2,330
Less: Accumulated depreciation		(388	)			(360	)
Patent		1,300				1,600
	$	6,217			$	5,570
Liabilities
Accounts payable	$	660			$	360
Accrued liabilities		180				130
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,160				3,000
Paid-in capitalexcess of par		500				495
Retained earnings		1,587				1,585
	$	6,217			$	5,570

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	2,551
Gain on sale of land		45		$	2,596
Expenses
Cost of goods sold	$	860
Depreciation expensebuilding		35
Depreciation expenseequipment		244
Loss on sale of equipment		10
Amortization of patent		300
Operating expenses		550			1,999
Net income				$	597

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 $240,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $165,000 and $430,000 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.)