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.

Additional information from the accounting records:
a.	During 2016, equipment with a cost of $720,000 (90% depreciated) was sold.
b.	The statement of shareholders equity reveals reductions of $245,000 and $350,000 for stock dividends and cash dividends, respectively.

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.)

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2016 and 2015 in 000s) 2016 2015 Assets Cash 590 400 Accounts receivable 730 380 Inventory 880 445 Land 750 685 Building 900 900 Less: Accumulated depreciation (250) (235) 3,450 3.290 Equipment Less: Accumulated depreciation (364) (320) 1,900 2.000 Patent 8,586 7,545 Liabilities 980 680 Accounts payable 340 265 Accrued expenses payable 150 Lease liability-land Shareholders' Equity Common stock 3,700 3,500 Paid-in capital excess of par 800 755 2,616 2,345 Retained earnings 8,586 7,545