Question: please help, I have the full question posted in 3 pics because its long. will give thumbs up. thanks! Comparative balance sheets for 2021 and

please help, I have the full question posted in 3 pics because its long. will give thumbs up. thanks!
please help, I have the full question posted in 3 pics because
its long. will give thumbs up. thanks! Comparative balance sheets for 2021
and 2020 and a statement of income for 2021 are given below

Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. PETAGROBOLITE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 (5 in thousands 2021 2020 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent 5 470 5 220 530 280 630 395 700 620 300 BOO (200) (170) 2,950 2,690 (334) (300) 1.900 2,000 57,496 56,535 $ 780 5 240 Liabilities Accounts payable Accrued Habilities Lease liability-land Shareholders' Equity Connon stock Paid-in capital-excess of par Retained earnings 630 215 0 130 2,640 2,500 600 545 3.106 2,645 $ 7,496 $ 6,535 RETARDOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 (5 in thousands) Revenues Sales revenue 53,123 Gain on sale of Land 25 53,198 Expenses Cost of goods sold $ 980 Depreciation expense-building 30 Depreciation expense-equipment Loss on sale of equipent Amortization of patent Operating expenses 600 3.142 Net Income $1,056 412 20 100 Additional information from the accounting records D. For the Year Ended December 31, 2021 (5 in thousands) Revenues Sales revenue 53,123 Gain on sale of land 75 53,195 Expenses Cost of goods sold 5 980 Depreciation expense-building 30 Depreciation expense-equipment 412 Loss on sale of equipment 20 Amortization of patent 1ee Operating expenses 600 2,142 Net Income $1,056 Additional information from the accounting records a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021 b. During 2021, equipment with a cost of $420,000 (90% depreciated) was sold. c. The statement of shareholders' equity reveals reductions of S195,000 and $400,000 for stock dividends and cash dividends, respectively Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (l... 10,000 should be entered os 10). Amounts to be deducted should be indicated with a minus sign.) META GROBOLIZE INDUSTRIES Statement of Cash Flows For the year ended December 31, 2021 15 in thousands) Cash flows from operating activities Cash inflows Cash outflows Net cash flows from operating activities 5 Statement of Cash Flows For the year ended December 31, 2021 (5 in thousands) Cash flows from operating activities Cash inflows Cash outflows: Net cash flows from operating activities Cash flows from investing activities $ 0 Net cash flows from investing activities Cash flows from financing activities 0 0 0 Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities 5 0

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