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Additional Information for the 2024 fiscal year ($ In thousands): 1. Cash dividends of $2700 were declared and pald. 2 Equlpment costing $7,400 was purchased

image text in transcribed Additional Information for the 2024 fiscal year (\$ In thousands): 1. Cash dividends of $2700 were declared and pald. 2 Equlpment costing $7,400 was purchased with cash. 3. Equipment with a book value of $2,200 (cost of $4,900 less accumulated depreclation of $2,700 ) was sold for $2,200. 4. Depreclation of $3,300 is included In operating expenses. Required: Prepare Santana Industrles' 2024 statement of cash flows, using the indirect method to present cash flows from operating activlties Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands

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