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Please solve and show work. Problem 21-5 (Algo) Statement of cash flows; dlrect method [LO21-3, 21-8] Comparative balance sheets for 2024 and 2023 and a
Please solve and show work.
Problem 21-5 (Algo) Statement of cash flows; dlrect method [LO21-3, 21-8] Comparative balance sheets for 2024 and 2023 and a statement of income for 2024 are given below for Metagrobolize Industries. Additionol information from the occounting records of Metagrobolize also is provided. Additiona/ information from the occounting records: 0. Annual payments of $20,000 on the finsnce lesse liability are poid each January 1 , beginning in 2024. b. During 2024 , equipment with cost of $210,000 (90\% depreciated) wos sold. c. The statement of shareholders' equity revesls reductions of $160,000 and $435,000 for stock dividends and cash dividends, respectively. Required: Prepore the statement of cash flows of Metagrobolize for the yeor ended December 31, 2024. Present cosh flows from operating octivities by the direct method. Note: Enter your answers in thousands (1.e., 10,000 should be entered as 10). Amounts to be deducted should be Indicated with a minus sign
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