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please see all of the pictures. Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize
please see all of the pictures.
Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. 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 liability are pald each January 1, beginning in 2021 . b. During 2021, equipment with a cost of $270,000 (90\% depreclated) 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 for Metagrobolize Industries using the indirect method. (Enter your answers in thousands (i.e., 10.000 should be entered as 10 ).) Amounts to be deducted should be indicated with a minus sign.) Required: Prepare the statement of cash flows for Metagrobolize Industrles using the indirect method. (Enter your answers in thousands (l.e., 10,000 should be entered as 10 ).) Amounts to be deducted should be indicated with a minus sign.) Gasn iows irom investing activities: \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash fows from investing activities & & \\ \hline Cash flows from financing activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Nof cash flows from financing activities & & \\ \hline Not increase in cash & & \\ \hline Cash balance, January 1 & & \\ \hline Cash balance, December 31 & & \\ \hline Noncash investing and financing activities. & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Step by Step Solution
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