Presented below are the 2021 income statement and comparative balance sheets for Santana Industries $20,050 SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 (s in thousands) Sales revenue $ 15,450 Service revenue 4,6 Total revenue Operating expenses: Cost of goods sold 7,800 Selling expense 3, eee General and administrative expense 2,100 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income 12,900 7,150 210 6,940 2,200 $ 4,740 SANTANA INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31