Problem 21-17 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets. December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash $ 440 $ 190 Accounts receivable Inventory Land 470 250 620 380 625 575 Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent 800 800 (200) (170) 2,800 2,510 (451) (420) 1,600 1,800 $ 6,704 $ 5,915 Liabilities Accounts payable $ 720 $ 470 Accrued liabilities 210 165 Lease liability-land 130 e Shareholders' Equity Common stock 2,650 2,500 Paid-in capital-excess of par Retained earnings 500 2,494 470 2,310 $ 6,704 $ 5,915 Revenues METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Gain on sale of land Expenses Cost of goods sold Depreciation expense-building Depreciation expense-equipment Loss on sale of equipment $ 2,807 60 $ 2,867 920 30 328 10