Please show how you solve for each line item, especially Sale of Land

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. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands ) 2021 2020 460 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent $ 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 $ $ 760 230 130 560 210 0 Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 2,500 2,620 600 2,697 530 2,450 $ 6,250 $ 7,037 $ 3,131 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 3,061 Gain on sale of land 70 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 Net income 2,289 $ 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 $405,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (Enter your answers in thousands (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.) METAGROBOLIZE INDUSTRIES 842 Statement of Cash Flows For year ended December 31, 2021 ($ in 000s) Cash flows from operating activities: Net income $ Adjustments for noncash effects: Depreciation expense - Building Depreciation expense - Equipment Gain on sale of land Loss on sale of equipment Amortization expense 25 384 (70) 20 300 Changes in operating assets and liabilities: Increase in accounts receivable Increase in inventory Increase in accounts payable Increase in accrued expenses (240) (270) 200 20 $ 1,211 Net cash flows from operating activities Cash flows from investing activities: Sale of land 100 19 Sale of equipment Purchase of equipment (660) (541) Net cash flows from investing activities Cash flows from financing activities: Payment of dividends (405) (405) 270 190 Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Acquired land by lease Payment of dividends $ 460 190