Please, help me understand this statement of cash flows because I cannot get it right.

Below is the income statement and balance sheet for Leonardo Company. $25, 250 Leonardo Company Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 18,ese Service revenue 7,200 Total revenue Operating expenses: Cost of goods sold 9,180 Selling expense 4,380 General and administrative expense 3,400 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income 16,800 8,450 340 8,110 3,500 $ 4,610 Dec. 31, Dec. 31, 2021 2020 $10,200 $ 3,91 6,300 4,100 7,800 4,990 680 18, 380 15,800 (7,000) (6,400) $ 35,948 $ 22,99 340 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 11abilities and shareholders' equity $ 3,000 @ 790 1,180 $ 5,200 290 1,180 740 8,888 11,99 7,830 $35,94 11,90 6,120 $ 22,990 Additional information for the 2021 fiscal year ($ in thousands): 1. Cash dividends of $2,900 were declared and paid. 2 2. Equipment costing $7,800 was purchased with cash. 3. Equipment with a book value of $2,400 (cost of $5,300 less accumulated depreciation of $2,900) was sold for $2,400. There was no gain or loss on this sale. 4. Depreciation of $3,500 is included in operating expenses. Required: Prepare Leonardo Company's 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.)