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 2829 ($ in thousands) 2e21 2020 Assets Cash $ 520 $ Accounts receivable 630 330 Inventory 780 420 Land 550 540 Building 780 780 Less: Accumulated depreciation (380) (288) Equipment 3,200 2,990 Less: Accunulated depreciation (439) (480) Patent 1,400 1,500 $ 7,041 $ 6,025 Liabilities Accounts payable $ 880 $ 638 Accrued liabilities 290 240 Lease liability-land 130 Shareholders' Equity Connon stock 3,680 3,500 Paid-in capital-excess of par 550 430 Retained earnings 1,591 1,225 $ 7,041 $ 6,025 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $3,78 Gain on sale of land 68 $3,138 Expenses Cost of goods sold $1,888 Depreciation expense-building 20 Depreciation expense- quipment 552 Loss on sale of equipment 25 Amortization of patent 190 Operating expenses 400 2,177 Net income $ 961 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 $570,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $220.000 and $375,000 for stock dividends and cash dividends, respectively Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (Le., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For the year ended December 31, 2021 ($ 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 financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities