Dec. 31, 2021 Dec. 31, 2020 $10,000 5,900 7,400 320 17,900 (6,800) $ 34,720 $3,730 3,900 4,700 640 15,400 (6,200) $22,170 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid rent Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable (due 12/31/2023) Common stock Retained earnings Total Habilities and shareholders' equity 54,800 $ 2,800 270 770 1,140 1,140 720 8,400 11,700 2.690 $34,720 11,700 5.76 $22,170 Additional information for the 2021 fiscal year ($ in thousands) 1. Cash dividends of $2,700 were declared and paid. 2. Equipment costing $7.400 was purchased with cash 3. Equipment with a book value of $2.200 (cost of $4.900 less accumulated depreciation of $2,700) was sold for $2.200. 4. Depreciation of $3.300 is included in operating expenses. Required: Prepare Santana Industries' 2021 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.) SANTANA INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2021 (5 in thousands) Cash flows from operating activities Adjustments for noncash effects Changes in operating assets and liabilities Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net increase in cash Cash January 1 Cash December 31