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 $ 460 510 660 700 800 (300) 2,900 (493) 1,800 $ 7,037 $ 190 270 390 605 800 (275) 2,630 (460) 2,100 $ 6,250 BA $ $ Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 760 230 130 560 210 2,620 600 2,697 $ 7,037 2,500 530 2 450 $ 6, 250 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $3,061 Gain on sale of land 70 $3,131 Expenses Cost of goods sold $ 960 Depreciation expense-building 25 Depreciation expense-equipment 384 Loss on sale of equipment 20 Amortization of patent 300 Operating expenses 600 2,289 Net income 842 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 $390,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $190,000 and $405,000 for stock dividends and cash dividends, respectively Required: 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 (Le.. 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)