Presented below are the 2016 income statement and comparative balance sheets for Santana Industries.

SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in thousands)
Sales revenue	$	14,250
Service revenue		3,400
Total revenue			$	17,650
Operating expenses:
Cost of goods sold		7,200
Selling		2,400
General and administrative		1,500
Total operating expenses				11,100
Operating income				6,550
Interest expense				200
Income before income taxes				6,350
Income tax expense				2,500
Net income			$	3,850

Balance Sheet Information ($ in thousands)	Dec. 31, 2016			Dec. 31, 2015
Assets:
Cash	$	7,350		$	2,200
Accounts receivable		2,500			2,200
Inventory		4,000			3,000
Prepaid rent		150			300
Plant and equipment		14,500			12,000
Less: Accumulated depreciation		(5,100	)		(4,500	)
Total assets	$	23,400		$	15,200
Liabilities and Shareholders Equity:
Accounts payable	$	1,400		$	1,100
Interest payable		100			0
Deferred service revenue		800			600
Income taxes payable		550			800
Loan payable (due 12/31/2018)		5,000			0
Common stock		10,000			10,000
Retained earnings		5,550			2,700
Total liabilities and shareholders' equity	$	23,400		$	15,200

Additional information for the 2016 fiscal year ($ in thousands):
1.	Cash dividends of $1,000 were declared and paid.
2.	Equipment costing $4,000 was purchased with cash.
3.	Equipment with a book value of $500 (cost of $1,500 less accumulated depreciation of $1,000) was sold for $500.
4.	Depreciation of $1,600 is included in operating expenses.

Required:

Prepare Santana Industries' 2016 statement of cash flows, using the indirect method to present cash flows from operating activities.