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. ME TAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent 5 405 250 see SEO 900 (209 2.500 (325) 1.000 $ 5,630 3 249 190 275 450 900 (130) 2.150 (300) 1.158 34,380 3 5 Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital excess of par Retained carnings be 150 130 400 130 3 3, 160 750 see $ 5,630 3.98e 70e 650 $ 4.88 2595 MET AGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands Revenues Sales revenue $ 2.555 Gain on sale of land 30 Expenses cost of goods sold Bea Depreciation expense building zo Depreciation expense equipment 150 Loss on sale of equipment 10 Amortization of patent 150 Operating expenses Gee Net income 1740 945 Additional information from the occounting records: 8. Annual payments of $20,000 on the finance lease liability ore paid each January 1, beginning in 2021. b. During 2021, equipment with a cost of $150,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $150,000 and $445,000 for stock dividends and cash dividends, respectively Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method (Enter your answers in thousands (t.e.. 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES statement of Cash Flowe For year ended December 31, 2021 ($ In 0008) Cash flows from operating activities. Net income Adjustments for noncash effects: Changes in operating assets and ladites Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities Net casni fows from Mancing activities Nel increase in tash Cash balance, January 1 Cash balance December 31 Nuncach investing and financing activities