Question: Prepare the statement of cash flows using the INDIRECT METHOD. Please include all calculations. Comparative balance sheets for 2 0 2 4 and 2 0

Prepare the statement of cash flows using the INDIRECT METHOD. Please include all calculations.
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:
a. On December 31,2024. acquired the use of land with a finance lease. Annual payments of $20,000 on the liability are paid at
the end of each year beginning in 2024.
b. During 2024, equipment with a cost of $330,000(90% depreciated) was sold.
c. The statement of shareholders' equity reveals reductions of $180,000 and $415,000 for stock dividends and cash dividends,
respectively.
Required:
Prepare the statement of cash flows for Metagrobolize Industries using the indirect 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.
Prepare the statement of cash flows using the

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