Question: Comparative balance sheets for 2024 and 2023 and a statement of income for 2024 are given below for Metagrobolize industries. Additional information from the accounting



Comparative balance sheets for 2024 and 2023 and a statement of income for 2024 are given below for Metagrobolize industries. Additional information from the accounting records of Metagrobolize also is provided. Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease labilty are paid each January 1, beginning in 2024 . b. During 2024, equipment with a cost of $270,000 (90\% depreciated) was sold. c. 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 Note: Enter your onswers in thousonds (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign. \begin{tabular}{|c|c|c|} \hline Net cash flows from operating activities & $ & 806 \\ \hline \multicolumn{3}{|l|}{ Cash flows from investing activities: } \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from investing activities & & 0 \\ \hline \multicolumn{3}{|l|}{ Cash flows from financing activities: } \\ \hline & . & \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Net cash flows from financing activities } \\ \hline \multicolumn{3}{|l|}{ Net increase in cash } \\ \hline \multicolumn{3}{|l|}{ Cash balance, January 1} \\ \hline Cash balance, December 31 & s & 0 \\ \hline \multicolumn{3}{|l|}{ Noncash investing and financing activities: } \\ \hline & & \\ \hline & & \\ \hline \end{tabular}
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