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Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s)
		2018			2017
Assets
Cash	$	450			$	160
Accounts receivable		490				260
Inventory		640				385
Land		650				590
Building		800				800
Less: Accumulated depreciation		(250	)			(230)
Equipment		2,850				2,570
Less: Accumulated depreciation		(472	)			(440	)
Patent		1,700				1,950
	$	6,858			$	6,045
Liabilities
Accounts payable	$	740			$	440
Accrued expenses payable		220				155
Lease liabilityland		130				0
Shareholders' Equity
Common stock		2,600				2,500
Paid-in capitalexcess of par		600				515
Retained earnings		2,568				2,435
	$	6,858			$	6,045

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in 000s)
Revenues
Sales revenue	$	2,839
Gain on sale of land		65		$	2,904
Expenses
Cost of goods sold	$	940
Depreciation expensebuilding		20
Depreciation expenseequipment		356
Loss on sale of equipment		10
Amortization of patent		250
Operating expenses		600			2,176
Net income				$	728

Additional information from the accounting records:

Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2018.

During 2018, equipment with a cost of $360,000 (90% depreciated) was sold.

The statement of shareholders' equity reveals reductions of $185,000 and $410,000 for stock dividends and cash dividends, respectively.

Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Cash flows from operating activities: Cash inflows: From customers Cash outflows: To suppliers of goods For operating expenses Net cash flows from operating activities $0 Cash flows from financing activities: Purchase of equipment Sale of land Sale of equipment Net cash flows from investing activities 0 Cash flows from financing activities: Payment on lease liability Payment of stock dividends Net cash flows from financing activities 0 Net increase in cash Cash balance, January 1 Cash balance, December 31 $0 Noncash investing and financing activities: Acquired land

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