LeYearLeuveuene 1 ($ in thousands) Sales revenue Service revenue 17,650 6,800 Total revenue $24,450 Operating expenses: Cost of goods sold Selling expense General and administrative expense Total operating expenses Operating income Interest expense 8,900 4,100 3,200 16,200 8,250 320 Income before income taxes 7,930 Income tax expense 3,300 $ 4,630 Net income Dec. 31, 2021 Dec. 31, 2020 Balance Sheet Information ($ in thousands) Assets: $10,000 5,900 3,730 3,900 Cash Accounts receivable Inventory Prepaid rent Equipment Less: Accumulated depreciation 7,400 4,700 320 640 15,400 (6,200) 17,900 (6,800) $34,720 Total assets $22,170 Liabilities and Shareholders' Equity: Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable (due 12/31/2023) 4,800 270 2,800 1,140 770 720 1,140 8,400 11,700 7,690 11,700 5,760 Common stock Retained earnings Total liabilities and shareholders' equity $34,720 $22,170 Additional information for the 2021 fiscal year ($ 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.)