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Lomparative Dalance sneets tor U4 and US and a statement or Income tor U4 are given Delow tor metagrooolize Inqustrles. Additional Information from the accounting
Lomparative Dalance sneets tor U4 and US and a statement or Income tor U4 are given Delow tor metagrooolize Inqustrles. 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 llability are pald each January 1 , beginning in 2024. b. During 2024 , equipment with a cost of $600,000 (90\% depreclated) was sold. c. The statement of shareholders' equlty 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 slgn
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