Comparative balance sheets for 2024 and 2023 and a statement of income for 2024 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are paid each January 1 , beginning in 2024 . b. During 2024 , equipment with a cost of $330,000 ( 90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $180,000 and $415,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. Note: 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. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ METAGROBOLIZE INDUSTRIES } \\ \hline \multicolumn{3}{|l|}{ Statement of Cash Flows } \\ \hline \multicolumn{3}{|c|}{ For year ended December 31, 2024} \\ \hline \multicolumn{3}{|l|}{ ( $ in 000 s) } \\ \hline \multicolumn{3}{|l|}{ Cash flows from operating activities: } \\ \hline Net income & 779 & \\ \hline \multicolumn{3}{|l|}{ Adjustments for noncash effects: } \\ \hline Depreciation expense - Building & 30 & \\ \hline Depreciation expense - Equipment & 328 & \\ \hline & & \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Changes in operating assets and liabilities: } \\ \hline Increase in accounts payable & 250 & \\ \hline Increase in accounts receivable & (220) & \\ \hline Increase in accrued expenses & & \\ \hline Increase in inventory & (240) & \\ \hline Net cash flows from operating activities & & 927 \\ \hline \multicolumn{3}{|l|}{ Cash flows from investing activities: } \\ \hline Purchase of equipment & & \\ \hline \end{tabular} \begin{tabular}{|l|l|c|} \hline \multicolumn{1}{|l|}{ Sale of equipment } & & \\ \hline Sale of land & & \\ \hline & & \\ \hline Net cash flows from investing activities & & \\ \hline Cash flows from financing activities: & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from financing activities & & \\ \hline \multicolumn{1}{|c|}{ Net increase in cash } & & \\ \hline Cash balance, January 1 & & \\ \hline Cash balance, December 31 & & \\ \hline Noncash investing and financing activities: & & \\ \hline & & \\ \hline \end{tabular}