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 $ $510$ $ $265$

Accounts receivable $610320$

Inventory $760415$

Land $600525$

Building $700700$

Less: Accumulated depreciation $(250)(220)$

Equipment $3,1502,930$

Less: Accumulated depreciation $(418)(380)$

Patent $1,3001,600$

$ $6,962$ $ $6,155$

Liabilities

Accounts payable $ $860$ $ $710$

Accrued liabilities $280235$

Lease liability$$land $1300$

Shareholders' Equity

Common stock $3,6503,500$

Paid$-$in capital$$excess of par $550485$

Retained earnings $1,4921,225$

$ $6,962$ $ $6,155$

METAGROBOLIZE INDUSTRIES

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Revenues

Sales revenue $ $3,101$

Gain on sale of land $95$ $ $3,196$

Expenses

Cost of goods sold $1,060$

Depreciation expense$$building $30$

Depreciation expense$$equipment $524$

Loss on sale of equipment $20$

Amortization of patent $300$

Operating expenses $4002,334$

Net income $ $862$

Additional information from the accounting records:

Annual payments of $$20,000$ on the finance lease liability are paid each January $1,$ beginning in $2024.$

During $2024,$ equipment with a cost of $$540,000(90\%$ depreciated$)$ was sold.

The statement of shareholders$$ equity reveals reductions of $$215,000$ and $$380,000$ for stock dividends and cash dividends, respectively.

Required:

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