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ill give 5 stars Presented below are the 2024 income statement and comparative balance sheets for Santana Industries. Additional information for the 2024 fiscal year
ill give 5 stars
Presented below are the 2024 income statement and comparative balance sheets for Santana Industries. Additional information for the 2024 fiscal year ( $ in thousands): 1. Cash dividends of $2,300 were declared and paid 2. Equipment costing $6,600 was purchased with cash 3. Equipment with a book value of $1,800 (cost of $4,100 less accumulated depreciation of $2,300 ) was sold for $1,800. 4. Depreciation of $2,900 is included in operating expenses. Prepare Santana Industries' 2024 statement of cash flows, using the indirect method to present cash flows from operating activities. Required: Note: 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, 2024 ( $ in thousands) Step by Step Solution
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