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$.$ 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 $2024.$

b$.$ During $2024,$ equipment with a cost of $$660,000(90\%$ depreciated$)$ was sold.

c$.$ The statement of shareholders' equity reveals reductions of $$235,000$ and $$360,000$ 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 $($l$.$e$.,10,000$ should be entered as $10).$ Amounts to be deducted should be Indicated with a

minus slgn$.$

METAGROBOLIZE INDUSTRIES

Statement of Cash Flows

For the year ended December $31,2024$