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	$	580			$	375
Accounts receivable		600				450
Inventory		900				525
Land		675				600
Building		900				900
Less: Accumulated depreciation		(300	)			(270	)
Equipment		2,850				2,250
Less: Accumulated depreciation		(525	)			(480	)
Patent		1,200				1,500
	$	6,880			$	5,850
Liabilities
Accounts payable	$	750			$	450
Accrued liabilities		300				225
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,150				3,000
Paid-in capitalexcess of par		750				675
Retained earnings		1,800				1,500
	$	6,880			$	5,850

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	2,645
Gain on sale of land		90		$	2,735
Expenses
Cost of goods sold		600
Depreciation expensebuilding		30
Depreciation expenseequipment		315
Loss on sale of equipment		15
Amortization of patent		300
Operating expenses		500			1,760
Net income				$	975

Additional information from the accounting records:

1. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021.
2. During 2021, equipment with a cost of $300,000 (90% depreciated) was sold.
3. The statement of shareholders equity reveals reductions of $225,000 and $450,000 for stock dividends and cash dividends, respectively.

Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. (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).)

I CANT FIGURE OUT OPERATING COST ENTRIES!

I CANT FIGURE OUT OPERATING COST ENTRIES!

I CANT FIGURE OUT OPERATING COST ENTRIES!

$ Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent $ 580 $ 375 600 450 900 525 675 600 900 900 (300) (270) 2,850 2,250 (525) (480) 1,200 1,500 $ 6,800 $ 5,850 $ 750 $ 300 130 450 225 0 Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 3,150 3,000 750 675 1,800 1,500 $ 6, 8B9 $ 5,850 $2,735 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $2,645 Gain on sale of land 90 Expenses Cost of goods sold 600 Depreciation expense-building 30 Depreciation expense-equipment 315 Loss on sale of equipment 15 Amortization of patent 300 Operating expenses 500 Net income 1,760 $ 975 Cash flows from operating activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities: $ 0 Net cash flows from operating activities Cash flows from investing activities: Sale of land Sale of equipment Purchase of equipment OOO 165 15 (900) (720) Net cash flows from investing activities Cash flows from financing activities: Payment of dividends Payment on lease liability lolo (450) (20) (470) 205 Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: $ 205