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)
	2024	2023
Assets
Cash	$ 580	$ 375
Accounts receivable	600	450
Inventory	900	525
Land	675	600
Building	900	900
Less: Accumulated depreciation	(300)	(270)
Equipment	2,850	2,250
Less: Accumulated depreciation	(525)	(480)
Patent	1,200	1,500
	$ 6,880	$ 5,850
Liabilities
Accounts payable	$ 750	$ 450
Accrued liabilities	300	225
Lease liabilityland	130	0
Shareholders' Equity
Common stock	3,150	3,000
Paid-in capitalexcess of par	750	675
Retained earnings	1,800	1,500
	$ 6,880	$ 5,850

METAGROBOLIZE INDUSTRIES
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 2,645
Gain on sale of land	90	$ 2,735
Expenses
Cost of goods sold	$ 600
Depreciation expensebuilding	30
Depreciation expenseequipment	315
Loss on sale of equipment	15
Amortization of patent	300
Operating expenses	500	1,760
Net income		$ 975

Additional information from the accounting records:

Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2024.

During 2024, equipment with a cost of $300,000 (90% depreciated) was sold.

The statement of shareholders' equity reveals reductions of $225,000 and $450,000 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.