what about the payments on the leas liabilities?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.

METAGROBOLIZE INDUSTRIES

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

$20242023$

Assets

Cash $ $490$ $ $280$

Accounts receivable $570300$

Inventory $720405$

Land $585720$

Right$-$of$-$use asset$$land $1500$

Building $700700$

Less: Accumulated depreciation $(300)(260)$

Equipment $3,0502,810$

Less: Accumulated depreciation $(376)(340)$

Patent $1,1001,300$

$ $6,689$ $ $5,915$

Liabilities

Accounts payable $ $805$ $ $520$

Accrued liabilities $260225$

Lease liability$$land $1300$

Shareholders' Equity

Common stock $2,6802,500$

Paid$-$in capital$$excess of par $600575$

Retained earnings $2,2142,095$

$ $6,689$ $ $5,915$

METAGROBOLIZE INDUSTRIES

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Revenues

Sales revenue $ $2,777$

Gain on sale of land $85$ $ $2,862$

Expenses

Cost of goods sold $ $1,020$

Depreciation expense$$building $40$

Depreciation expense$$equipment $468$

Loss on sale of equipment $20$

Amortization of patent $200$

Operating expenses $4002,148$

Net income $ $714$

Additional information from the accounting records:

On December $31,2024.$ acquired the use of land with a finance lease. Annual payments of $$20,000$ on the liability are paid at the end of each year beginning in $2024.$

During $2024,$ equipment with a cost of $$480,000(90\%$ depreciated$)$ was sold.

The statement of shareholders' equity reveals reductions of $$205,000$ and $$390,000$ for stock dividends and cash dividends, respectively.

Required:

Prepare the statement of cash flows of Metagrobolize for the year ended December $31,2024.$ Present cash flows from operating activities by the direct method.

Note: 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.