Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands)
		2021			2020
Assets
Cash	$	1,175			$	545
Accounts receivable		940				620
Inventory		1,240				695
Land		1,015				770
Building		1,240				1,240
Less: Accumulated depreciation		(640	)			(440)
Equipment		3,190				2,420
Less: Accumulated depreciation		(865	)			(650	)
Patent		1,540				2,010
	$	8,835			$	7,210
Liabilities
Accounts payable	$	1,090			$	620
Accrued liabilities		640				480
Lease liabilityland		470				0
Shareholders' Equity
Common stock		3,320				3,170
Paid-in capitalexcess of par		1,090				930
Retained earnings		2,225				2,010
	$	8,835			$	7,210

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	3,794
Gain on sale of land		107		$	3,901
Expenses
Cost of goods sold	$	770
Depreciation expensebuilding		200
Depreciation expenseequipment		638
Loss on sale of equipment		33
Amortization of patent		470
Operating expenses		670			2,781
Net income				$	1,120

Additional information from the accounting records:

a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021.

b. During 2021, equipment with a cost of $470,000 (90% depreciated) was sold.

c. The statement of shareholders' equity reveals reductions of $310,000 and $595,000 for stock dividends and cash dividends, respectively.

Required: Prepare the T-accounts for Metagrobolize Industries. (Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)

Prepare the statement of cash flows for Metagrobolize Industries. Use the T-account method to assist in your analysis. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)

Beg. Bal. Operating Activities: Investing Activities: Financing Activities: End. Bal. Cash Statement of Cash FlowS For year ended December 31, 2021 ($ in 000s) Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: $ 0 0 0 0