Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. Aints $18,050 SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 14,450 Service revenue 3,600 Total revenue Operating expenses! Cost of goods sold 7,300 Selling expense 2,500 General and administrative expense 1,600 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income eBook Print 11,400 6,650 160 6,490 1,700 $ 4,790 References Dec. 31, Dec. 31, 2021 2020 Balance Sheet Information is in thousands) Assetsi Cash Accounts receivable Inventory Prepaid rent Equipment Lossi Mecumulated 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 liabilities and shareholders' equity $ 8,400 2,700 4,200 160 14,700 (5,200). $24,960 $ 2.290 2,300 3,100 320 12,200 (4.600) $15,610 $1,600 $ 1,200 110 820 610 820 560 5,200 10,100 6,570 $24,960 10,100 2,880 $15,610 UUSI HIVIIVAVA.Le you w a 1. Cash dividends of $1,100 were declared and paid. 2. Equipment costing $4,200 was purchased with cash. 3. Equipment with a book value of $600 (cost of $1,700 less accumulated depreciation of $1100) was sold for $600. 4. Depreciation of $1700 is included in operating expenses. Required: Prepare Santana Industries' 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.) eBook Print SANTANA INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2021 (5 in thousandu) Cash flows from operating activities: References Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities