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. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ METAGROBOLIZE INDUSTRIES } \\ \hline \multicolumn{3}{|c|}{ Statement of Cash Flows } \\ \hline \multicolumn{3}{|c|}{ For the year ended December 31, 2024} \\ \hline \multicolumn{3}{|c|}{ ( $ in thousands) } \\ \hline \multicolumn{3}{|l|}{ Cash flows from operating activities: } \\ \hline \multicolumn{3}{|l|}{ Cash inflows: } \\ \hline \multicolumn{3}{|l|}{r} \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{ Cash outflows: } \\ \hline \\ \hline \multicolumn{3}{|l|}{7} \\ \hline \\ \hline \multicolumn{3}{|l|}{ Net cash flows from operating activities } \\ \hline \multicolumn{3}{|l|}{ Cash flows from investing activities: } \\ \hline \multicolumn{3}{|l|}{=} \\ \hline \multicolumn{3}{|l|}{p} \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{ Net cash flows from investing activities } \\ \hline \multicolumn{3}{|l|}{ Cash flows from financing activities: } \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{ Net cash flows from financing activities } \\ \hline \multicolumn{3}{|l|}{ Net increase (decrease) in cash } \\ \hline \multicolumn{3}{|l|}{ Cash balance, January 1} \\ \hline \multicolumn{3}{|l|}{ Cash balance, December 31} \\ \hline \multicolumn{3}{|l|}{ Noncash investing and financing activities: } \\ \hline & & \\ \hline \end{tabular} 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 $180,000 ( 90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of $155,000 and $440,000 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