Help Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 0182017 AssetS Cash Accounts receivable Inventory Land $ 400$ 170 230 370 545 900 (250)(210) 2,7002,390 409)(380) 1.4001,500 430 580 550 900 Building Less: Accumulated depreciation Equipnent Lesss Accumulated depreciation Patent 6,301$ 5,515 Liabilities 680 $ 480 190 130 Accounts payable Acerued expenses payable Lease liability-land Shareholders Equity 115 3,160 3,000 500 641 Common stook 490 Paid-in capital oxcess of par Retained earninge 430 6,301$5,515 Saved Help METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 (s in 000s) Sales revenue Gain on sale of land $2,608 50 $2,658 Expenses Cost of goods sold Depreciation expense-building Depreciation expense-equipment Loss on sale of equipment Amortization of patent Operating expenses $ 880 40 272 10 100 550 1,852 Net income $806 Additional information from the accounting records a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018. b. During 2018, equipment with a cost of $270,000 (90% depreciated) was sold. c. The statement of shareholders equity reveals reductions of $170,000 and $425,000 for stock dividends and cash dividends, respectively Required: Prepare the statement of cash flows of Metagr activities by the direct method. (Enter your answers in thousands (ile., 5,000 should be entered as 5). Amounts to be deducted obolize for the year ended December 31, 2018. Present cash flows from operating Saved Help Required Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (1.e.,5,000 should be entered as 5). Amounts to be deducted should be Indicated with a minus sign.) METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31,2018 $ in 000s) Cash inflows: Cash outflows Noncash investing and financing activities