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	$	390			$	170
Accounts receivable		370				200
Inventory		520				355
Land		525				500
Building		900				900
Less: Accumulated depreciation		(250	)			(225)
Equipment		2,550				2,210
Less: Accumulated depreciation		(346	)			(320	)
Patent		1,100				1,300
	$	5,759			$	5,090
Liabilities
Accounts payable	$	620			$	470
Accrued liabilities		160				130
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,120				3,000
Paid-in capitalexcess of par		750				715
Retained earnings		979				775
	$	5,759			$	5,090

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	2,512
Gain on sale of land		35		$	2,547
Expenses
Cost of goods sold	$	820
Depreciation expensebuilding		25
Depreciation expenseequipment		188
Loss on sale of equipment		15
Amortization of patent		200
Operating expenses		500			1,748
Net income				$	799

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 $180,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $155,000 and $440,000 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: From customers $ 2,342 To suppliers of goods X (835) For operating expenses (470) Cash outflows: Sale of equipment Sale of land 160 Purchase of equipment (520) Net cash flows from operating activities $ Cash flows from investing activities: Sale of equipment 3 Purchase of equipment (520) Sale of land 160 X X X 680 >> (357) Net cash flows from investing activities Cash flows from financing activities: Payment on lease liability Payment of dividends >> (20) (440) Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Purchase of equipment (460) (137) 170 33 $ $ 150 >