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 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: Additional information from the accounting records: a. Annual payments of $20,000 on the finance lease liability are pald each January 1, beginning in 2024. b. During 2024, equipment with a cost of $240,000(90% depreciated) was sold. c. The statement of shareholders equity reveals feductions of $155,000 and $430,000 for stock divdends and cash dividends, respectively. Required: Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2024, Present cash flows from operating activitios by the direct method. Note: Enter your answers in thousands (1.e.. 10,000 should be entered as 10). Amounts to be deducted should be indieated with a minus sign
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