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.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
		2016		2015
Assets
Cash	$	420	$	170
Accounts receivable		430		230
Inventory		580		370
Land		550		545
Building		900		900
Less: Accumulated depreciation		(250)		(210)
Equipment		2,700		2,390
Less: Accumulated depreciation		(409)		(380)
Patent		1,400		1,500
	$	6,321	$	5,515
Liabilities
Accounts payable	$	680	$	480
Accrued expenses payable		190		115
Lease liabilityland		150		0
Shareholders' Equity
Common stock		3,160		3,000
Paid-in capitalexcess of par		500		490
Retained earnings		1,641		1,430
	$	6,321	$	5,515

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in 000s)
Revenues
Sales revenue	$	2,608
Gain on sale of land		50	$	2,658
Expenses
Cost of goods sold	$	880
Depreciation expensebuilding		40
Depreciation expenseequipment		272
Loss on sale of equipment		10
Amortization of patent		100
Operating expenses	$	550		1,852
Net income			$	806

Additional information from the accounting records:
a.	During 2016, equipment with a cost of $270,000 (90% depreciated) was sold.
b.	The statement of shareholders equity reveals reductions of $170,000 and $425,000 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
Statement of Cash Flows
For year ended December 31, 2016
($ in 000s)
Adjustments for noncash effects:
Changes in operating assets and liabilities: