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	$	17,650
Service revenue		6,800
Total revenue				$	24,450
Operating expenses:
Cost of goods sold		8,900
Selling		4,100
General and administrative		3,200
Total operating expenses					16,200
Operating income					8,250
Interest expense					370
Income before income taxes					7,880
Income tax expense					4,200
Net income				$	3,680

Balance Sheet Information ($ in thousands)	Dec. 31, 2018				Dec. 31, 2017
Assets:
Cash	$	9,050			$	3,730
Accounts receivable		5,900				3,900
Inventory		7,400				4,700
Prepaid rent		320				640
Plant and equipment		17,900				15,400
Less: Accumulated depreciation		(6,800	)			(6,200	)
Total assets	$	33,770			$	22,170
Liabilities and Shareholders Equity:
Accounts payable	$	4,800			$	2,800
Interest payable		270				0
Deferred service revenue		1,140				770
Income taxes payable		720				1,140
Loan payable (due 12/31/2020)		8,400				0
Common stock		11,700				11,700
Retained earnings		6,740				5,760
Total liabilities and shareholders' equity	$	33,770			$	22,170

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

Cash dividends of $2,700 were declared and paid.

Equipment costing $7,400 was purchased with cash.

Equipment with a book value of $2,200 (cost of $4,900 less accumulated depreciation of $2,700) was sold for $2,200.

Depreciation of $3,300 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.)