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Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. Additional information for the 2021 fiscal year ( $ in thousands)
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 $2.900 were declared and paid 2. Equipment costing $7.800 was purchased with cash. 3. Equipment with a book value of $2,400 (cost of $5,300 less accumulated depreciation of $2,900 ) was sold for $2,400. 4. Depreciation of $3,500 is included in operating expenses. Required: Prepare Santana Industries' 2021 statement of cash flows, using the indirect method to present cash flows from operating activitie. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.)
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