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 liability are paid each January 1 , beginning in 2024. b. During 2024 , equipment with a cost of $390,000 (90\% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $190,000 and $405,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2024. Present cash flows from operating activities by the direct method Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with o minus sign. ( $ in thousands) Cash flows from operating activities: Cash inflows: From customers Cash outfiows: \begin{tabular}{|l|l|} \hline To suppliers of goods & \\ \hline For operating expenses & \\ \hline & \\ \hline \end{tabular} Net cash flows from operating activities Cash flows from investing activities: Purchase of equipment Sale of land Sale of equipment Net cash flows from investing activities Cash flows from financing activities: Payment on lease liability Payment of dividends Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Acquired land