Presented below are the 2018 income statement and comparative balance sheets for Santana Industries.

SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in thousands)
Sales revenue	$	17,050
Service revenue		6,200
Total revenue				$	23,250
Operating expenses:
Cost of goods sold		8,600
Selling		3,800
General and administrative		2,900
Total operating expenses					15,300
Operating income					7,950
Interest expense					340
Income before income taxes					7,610
Income tax expense					3,900
Net income				$	3,710

Balance Sheet Information ($ in thousands)	Dec. 31, 2018				Dec. 31, 2017
Assets:
Cash	$	8,750			$	3,460
Accounts receivable		5,300				3,600
Inventory		6,800				4,400
Prepaid rent		290				580
Plant and equipment		17,300				14,800
Less: Accumulated depreciation		(6,500	)			(5,900	)
Total assets	$	31,940			$	20,940
Liabilities and Shareholders Equity:
Accounts payable	$	4,200			$	2,500
Interest payable		240				0
Deferred service revenue		1,080				740
Income taxes payable		690				1,080
Loan payable (due 12/31/2020)		7,800				0
Common stock		11,400				11,400
Retained earnings		6,530				5,220
Total liabilities and shareholders' equity	$	31,940			$	20,940

Additional information for the 2018 fiscal year ($ in thousands):

1. Cash dividends of $2,400 were declared and paid.
2. Equipment costing $6,800 was purchased with cash.
3. Equipment with a book value of $1,900 (cost of $4,300 less accumulated depreciation of $2,400) was sold for $1,900.
4. Depreciation of $3,000 is included in operating expenses.

Required: Prepare Santana Industries' 2018 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.)