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.

METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	2024	2023
Assets
Cash	$ 530	$ 255
Accounts receivable	650	340
Inventory	800	425
Land	600	555
Building	900	900
Less: Accumulated depreciation	(200)	(175)
Equipment	3,250	3,050
Less: Accumulated depreciation	(460)	(420)
Patent	1,500	1,650
	$ 7,570	$ 6,580
Liabilities
Accounts payable	$ 900	$ 600
Accrued liabilities	300	245
Lease liabilityland	130	0
Shareholders' Equity
Common stock	3,620	3,500
Paid-in capitalexcess of par	550	445
Retained earnings	2,070	1,790
	$ 7,570	$ 6,580

METAGROBOLIZE INDUSTRIES
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 3,040
Gain on sale of land	65	$ 3,105
Expenses
Cost of goods sold	1,100
Depreciation expensebuilding	25
Depreciation expenseequipment	580
Loss on sale of equipment	25
Amortization of patent	150
Operating expenses	350	2,230
Net income		$ 875

Additional information from the accounting records:

1. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2024.
2. During 2024, equipment with a cost of $600,000 (90% depreciated) was sold.
3. The statement of shareholders equity reveals reductions of $225,000 and $370,000 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.