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 $$420,000(90\%$ depreciated$)$ was sold.

c$.$ The statement of shareholders' equity reveals reductions of $$195,000$ and $$400,000$ 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.