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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

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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. METACROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 (6 in thousandu) Assets Accounts receivable 570 300 Inventory Land LOOD Accumulated depreciation (260) Equipment 3,050 Les documulated depreciation 2021 2020 Cash 490 $ 200 720 750 700 (300) 405 920 700 Building Patent (376) 100 56,704 2,810 (340) 1.300 $3.915 820 260 100 Liabilities Accounts payablo Neerud labilistes Lease liability and Shareholders' Equity Common took Paid-in capital One of par Retained earnings 520 225 0 2.600 600 2,214 $ 6,704 2.500 575 2.035 15.15 ,52 $ 2,862 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 is in thousande) Revenues Sales revenue Gain on sale of land 85 Expenses Coat of goods sold 1,020 Depreciation expense-building 40 Depreciation expense equipment 466 Loss on sale of equipment 20 Amortization of patent 200 Operating expenses 400 Net Income 714 Additional Information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are pold each January 1, beginning in 2021 b. During 2021, equipment with a cost of $480,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $205,000 and $390,000 for stock dividends and cash dividends. respectively Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method (Enter your answers in thousands (le 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.) METACROBOLIZE INDUSTRIES Statement of Cash Flow For year ended December 31, 2021 in 000.) Cash flows from operating activities Net Income Adjustments for noncash affects Changes in operating assets and abilities: 19 13 SEE Net Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: METAGROBOLIZE INDUSTRIES Statement of Cash Flows For yoar ended December 31, 2021 ($ in 000s) Cash flows from operating activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities del

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