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. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2024 and 2023 ( $ in thousands) \begin{tabular}{lrr} Assets & 2024 & 2023 \\ Cash & $530 & $255 \\ Accounts receivable & 650 & 340 \\ Inventory & 800 & 425 \\ Land & 600 & 555 \\ Building & 900 & 900 \\ Less: Accumulated depreciation & (200) & (175) \\ Equipment & 3,250 & 3,050 \\ Less: Accumulated depreciation & (460) & (420) \\ Patent & 1,500 & 1,650 \\ & $7,570 & $6,580 \\ Liabilities & & \\ Accounts payable & 900 & $600 \\ Accrued liabilities & 130 & 245 \\ Lease liability-land & & 0 \\ Shareholders' Equity & 3,620 & 3,500 \\ Common stock & 550 & 445 \\ Paid-in capital-excess of par & 2,070 & 1,790 \\ Retained earnings & 7,570 & $6,580 \\ \hline \end{tabular} Additional information from the accounting records: Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are paid each January 1 , beginning in 2024. b. During 2024 , equipment with a cost of $600,000 (90\% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $225,000 and $370,000 for stock dividends and cash dividends. respectively. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method: Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with minus sign. METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2024 ($in000s) Cash flows from operating activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities