Question: Refer to the data provided in the P 21-5 for Metagrobolize Industries. P 21 - 5 Required: Prepare the statement of cash flows for Metagrobolize

Refer to the data provided in the P 21-5 for Metagrobolize Industries.

P 21 - 5

Required:
Prepare the statement of cash flows for Metagrobolize Industries using the indirect method.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 (S in thousands) Shareholders Equity Paid-in capital-excess of par METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Gain on sale of land Loss on sale of equipment 1,760 S 975

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