METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash $ 530 $ 255 Accounts receivable 650 340 Inventory Land Building 800 425 600 555 900 900 Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings (200) (175) 3,250 3,050 (460) (420) 1,500 1,650 $ 7,570 $6,580 $ 1A 900 $ 600 300 245 130 G 3,620 3,500 550 2,070 445 1,790 $ 7,570 $6,580 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue Gain on sale of land Expenses Cost of goods sold Depreciation expense-building Depreciation expense-equipment Loss on sale of equipment Amortization of patent Operating expenses Net income $ 3,040 65 $ 3,105 1,100 25 580 25 150 350 $ 2,230 875 Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. b. During 2021, equipment with a cost of $600,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $225,000 and $370,000 for stock dividends and cash dividend respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Enter your answers in thousands (e 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.)