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Cash dividends of $1,500 were declared and paid Equipment costing $5,000 was purchased with cash. Equipment with a book value of $ 1, 000 (cost
Cash dividends of $1,500 were declared and paid Equipment costing $5,000 was purchased with cash. Equipment with a book value of $ 1, 000 (cost of $2,500 less accumulated deprecation of $1,5000) was sold for $1, 000. Depreciation of $2,100 is included in operating expenses. Prepare Santana industries 2016 statement of cash flows using the indirect method to present cash flows from operating activates. (Amounts to be deducted should be indicated with minus sign. Enter your answer in thousands.)
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