METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less Accumulated depreciation Patent $ 480 $ 250 550 290 700 400 700 650 800 800 (250) (215) 3,000 2,750 (355) (320) 1.000 1,150 $ 6,625 $ 5,755 $ 800$ 250 130 550 229 Liabilities Accounts payable Accrued liabilities Lease Hability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 2,660 600 2185 $ 6,625 2,500 560 19925 5.5.755 RETURUDULCESTRE Income Statement For the Year Ended December 31, 2021 (s in thousands Revenues Sales revenue $3,020 Gain on sale of land 30 53100 Expenses Cost of goods sold $1,000 Depreciation expense-building 35 Depreciation expense-equipment 440 Loss on sale of equipment 20 Amortization of patent 150 Operating expenses 600 2,245 Net income $ 855 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 $450,000 (90% depreciated) was sold c. The statement of shareholders' equity reveals reductions of $200.000 and $395.000 for stock dividends and cash dividends. respectively Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2021. Present cash flows from operating activities by the direct method (Enter your answers in thousands (.e., 10,000 should be entered os 10). Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Cash inflows: Cash outflows Net cash flows from operating activities Cash flows from investing activities. Net cash flows from investing activities Cash flows from financing activities