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Additional information for the 2024 fiscal year ($ in thousands): 1. Cash dividends of $2,200 were declared and paid. 2. Equipment costing $6,400 was purchased

image text in transcribed Additional information for the 2024 fiscal year (\$ in thousands): 1. Cash dividends of $2,200 were declared and paid. 2. Equipment costing $6,400 was purchased with cash. 3. Equipment with a book value of $1,700 (cost of $3,900 less accumulated depreciation of $2,200 ) was sold for $1,700. 4. Depreciation of $2,800 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. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands

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