Additional information for the 2018 fiscal year ($ in thousands):

1. Cash dividends of $1,800 were declared and paid.
2. Equipment costing $5,600 was purchased with cash.
3. Equipment with a book value of $1,300 (cost of $3,100 less accumulated depreciation of $1,800) was sold for $1,300.
4. Depreciation of $2,400 is included in operating expenses.

Required: Prepare Santana Industries' 2018 statement of cash flows, using the indirect method to present cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.)

$20,850 SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue $ 15,850 Service revenue 5 , Total revenue Operating expenses: Cost of goods sold 8,888 Selling 3,200 General and administrative 2,300 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income 13,500 7,350 280 7,070 3,300 $ 3,770 Dec. 31, 2018 Dec. 31; 2017 $ 8,150 4,100 5,689 230 $ 2,920 3,000 3,800 460 13,600 (5,300) $ 18,480 16,180 (5,980) $ 28, 280 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid rent Plant and equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Interest payable Deferred service revenue Income taxes payable Loan payable (due 12/31/2020) Common stock Retained earnings Total liabilities and shareholders' equity $ 1,900 $ 3,eee 180 960 630 6,680 10,800 6, 110 $ 28, 280 680 960 @ 10,8ee 4,140 $ 18,480