Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. Additional information for the 2021 fiscal year ( $ in thousands): 1. Cash dividends of $2,100 were declared and paid. 2. Equipment costing $6,200 was purchased with cash. 3. Equipment with a book value of $1,600 (cost of $3,700 less accumulated depreciation of $2,100 ) was sold for $1,600. 4. Depreciation of $2,700 is included in operating expenses