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 (5 in thousands) 2021 2020 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent 5 580 600 900 675 900 (300) 2,850 (525) 1.200 $ 6,850 $ 375 450 525 600 900 (270) 2.250 (450) $ 5,850 5 $ 750 300 130 225 . Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Pald-in capital-xcess of par Retained carnings 3,150 750 1.800 5 6,880 3,00 675 1.500 $ 5,850 METAGRODOTZE INDUSTRTES Incon Statement For the Year Ended December 31, 2021 (5 in thousands) Revenues Sales revenue $2,645 Gain on sale of land 90 52,735 Expenses Cost of goods sold 5600 Depreciation expense-building 30 Depeeciation expense-equipment 315 Loss on sale of equipment 15 Fortization of patent 300 Operating expenses 500 3760 Net income $975 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 $300,000 (90% depreciated) was sold c. The statement of shareholders' equity reveals reductions of $225.000 and $450,000 for stock dividends and cash dividends. respectively should be indicated with a minus sign.) METAGROBOLVE INDUSTRIES Statement of Cash Flows For the year ended December 31, 2021 (5 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 financing activities Net increase (decrease) in cash Cash balance. January 1 Cash balance December 31 Noncash investing and financing activities