Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s)
		2018			2017
Assets
Cash	$	405			$	245
Accounts receivable		350				190
Inventory		500				275
Land		500				450
Building		900				900
Less: Accumulated depreciation		(200	)			(180)
Equipment		2,500				2,150
Less: Accumulated depreciation		(325	)			(300	)
Patent		1,000				1,150
	$	5,630			$	4,880
Liabilities
Accounts payable	$	600			$	400
Accrued expenses payable		150				130
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,100				3,000
Paid-in capitalexcess of par		750				700
Retained earnings		900				650
	$	5,630			$	4,880

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in 000s)
Revenues
Sales revenue	$	2,555
Gain on sale of land		30		$	2,585
Expenses
Cost of goods sold	$	800
Depreciation expensebuilding		20
Depreciation expenseequipment		160
Loss on sale of equipment		10
Amortization of patent		150
Operating expenses		600			1,740
Net income				$	845

Additional information from the accounting records:

A. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018.

B. During 2018, equipment with a cost of $150,000 (90% depreciated) was sold.

C.The statement of shareholders' equity reveals reductions of $150,000 and $445,000 for stock dividends and cash dividends, respectively.

Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)