Question: 5.00 points Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from
5.00 points Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIDE INDUSTRIES December 31, 201 and 2015 s in 000s) $490 220 Building Equipment 790 630 2640 2500 For the Year Ended December 31, 2016 $3,123 Gain on sae off land Cost of goods sold s 980 Operaling expenses 600 2.542 Net income 1,05 Additional information from the accounting records During 2016, equipment with a cost of $420,000 (90% depreciated) was sold b The statement of shareholders' equity reveals reductions of $195,000 and $400,000 for stock dividends and cash dividends, 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.)
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