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	$	460			$	190
Accounts receivable		510				270
Inventory		660				390
Land		700				605
Building		800				800
Less: Accumulated depreciation		(300	)			(275)
Equipment		2,900				2,630
Less: Accumulated depreciation		(493	)			(460	)
Patent		1,800				2,100
	$	7,037			$	6,250
Liabilities
Accounts payable	$	760			$	560
Accrued liabilities		230				210
Lease liabilityland		130				0
Shareholders' Equity
Common stock		2,620				2,500
Paid-in capitalexcess of par		600				530
Retained earnings		2,697				2,450
	$	7,037			$	6,250

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	3,061
Gain on sale of land		70		$	3,131
Expenses
Cost of goods sold	$	960
Depreciation expensebuilding		25
Depreciation expenseequipment		384
Loss on sale of equipment		20
Amortization of patent		300
Operating expenses		600			2,289
Net income				$	842

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 $390,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $190,000 and $405,000 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.)

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. 2020 $ 190 270 390 METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 Assets Cash $ 460 Accounts receivable 510 Inventory 660 Land 700 Building 800 Less: Accumulated depreciation (300) Equipment 2,900 Less: Accumulated depreciation (493) Patent 1,800 $ 7,037 Liabilities Accounts payable $ 760 Accrued liabilities 230 Lease liability-land 130 Shareholders' Equity Common stock 2,620 Paid-in capital-excess of par 600 Retained earnings 2,697 $ 7,037 605 800 (275) 2,630 (460) 2,100 $ 6,250 $ 560 210 0 2,500 530 2,450 $ 6,250 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $3,061 Gain on sale of land 70 $3,131 Bxpenses Cost of goods sold $ 960 Depreciation expense-building Depreciation expense-equipment 384 Loss on sale of equipment Amortization of patent Operating expenses 600 2,289 Net income $ 842 25 20 300 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 $390,000 (90% depreciated) was sold. C. The statement of shareholders' equity reveals reductions of $190,000 and $405,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For the year ended December 31, 2021 ($ 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 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