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 INDUSTRIESComparative Balance SheetsDecember $31,2024$ and $2023($$ in thousands$)20242023$Assets$$Cash$ $440$$ $190$Accounts receivable$470250$Inventory$620380$Land$485575$Right$-$of$-$use asset$$land$1500$Building$800800$Less: Accumulated depreciation$(200)(170)$Equipment$2,8002,510$Less: Accumulated depreciation$(451)(420)$Patent$1,6001,800$$ $6,714$$ $5,915$Liabilities$$Accounts payable$ $730$$ $470$Accrued liabilities$210165$Lease liability$$land$1300$Shareholders' Equity$$Common stock$2,6502,500$Paid$-$in capital$$excess of par$500470$Retained earnings$2,4942,310$$ $6,714$$ $5,915$

METAGROBOLIZE INDUSTRIESIncome StatementFor the Year Ended December $31,2024($$ in thousands$)$Revenues$$Sales revenue$ $2,807$Gain on sale of land$60$$ $2,867$Expenses$$Cost of goods sold$ $920$Depreciation expense$$building$30$Depreciation expense$$equipment$328$Loss on sale of equipment$10$Amortization of patent$200$Operating expenses$6002,088$Net income$$$ $779$

Additional information from the accounting records:

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 $2024.$

During $2024,$ equipment with a cost of $$330,000(90\%$ depreciated$)$ was sold.

The statement of shareholders' equity reveals reductions of $$180,000$ and $$415,000$ 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.