Presented below are the 2021 income statement and comparative balance sheets for Santana Industries.

SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Sales revenue	$	16,050
Service revenue		5,200
Total revenue				$	21,250
Operating expenses:
Cost of goods sold		8,100
Selling expense		3,300
General and administrative expense		2,400
Total operating expenses					13,800
Operating income					7,450
Interest expense					240
Income before income taxes					7,210
Income tax expense					2,500
Net income				$	4,710

Balance Sheet Information ($ in thousands)	Dec. 31, 2021				Dec. 31, 2020
Assets:
Cash	$	9,200			$	3,010
Accounts receivable		4,300				3,100
Inventory		5,800				3,900
Prepaid rent		240				480
Equipment		16,300				13,800
Less: Accumulated depreciation		(6,000	)			(5,400	)
Total assets	$	29,840			$	18,890
Liabilities and Shareholders Equity:
Accounts payable	$	3,200			$	2,000
Interest payable		190				0
Deferred revenue		980				690
Income taxes payable		640				980
Notes payable (due 12/31/2023)		6,800				0
Common stock		10,900				10,900
Retained earnings		7,130				4,320
Total liabilities and shareholders' equity	$	29,840			$	18,890

Additional information for the 2021 fiscal year ($ in thousands):

1. Cash dividends of $1,900 were declared and paid.
2. Equipment costing $5,800 was purchased with cash.
3. Equipment with a book value of $1,400 (cost of $3,300 less accumulated depreciation of $1,900) was sold for $1,400.
4. Depreciation of $2,500 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.)