Problem 21-20 (Static) Statement of cash flows; T-account method [LO21-3, 21-8]

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Comparative balance sheets for 2024 and 2023 and a statement of income for 2024 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

Comparative balance sheets for 2024 and 2023 and a statement of income for 2024 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 paid each January 1 , beginning in 2024. b. During 2024 , equipment with a cost of $300,000 (90\% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $225,000 and $450,000 for stock dividends and cash dividends, respectively. roblem 21-20 (Static) Part 2 Prepare the statement of cash flows for Metagrobolize Industries. Use the T-account method to assist in your analysis. ote: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be ntered as 10). METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2024 (\$ in 000s) Cash flows from operating activities: Cash inflows