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 ofincome for 2024 are given below for Metagrobolize Industries. Additional information from

the accounting records of Metagrobolize also is provided. a. Annual payments of$20,000 on the finance lease liability are paid each January 1 ,

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. 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 $370,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2024. Present cash flows from operating activities by the direct method. Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign. METAGROBOLIZE INDUSTRIES Statement of Cash Flows For the year ended December 31, 2024 ($inthousands) \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities: & & \\ \hline Cash inflows: & & \\ \hline From customers & $2,645 & \\ \hline & & \\ \hline Cash outflows: & & \\ \hline For operating expenses & & \\ \hline To suppliers of goods & & \\ \hline & & \\ \hline Net cash flows from operating activities & & \\ \hline Cash flows from investing activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}

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