Additional information for the $2024$ fiscal year $($ $ in thousands$)$:

Cash dividends of $$1,000$ were declared and paid.

Equipment costing $$4,000$ was purchased with cash.

Equipment with a book value of $$500($cost of $$1,500$ less accumulated depreciation of $$1,000)$ was sold for $$500.$

Depreciation of $$1,600$ is included in operating expenses.

Required:

Prepare Santana Industries' $2024$ statement of cash flows, using the indirect method to present cash flows from operating activities. Use a format similar to the one in the Concept Review Exercise at the end on Part B of this chapter.