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	$	18,050
Service revenue		7,200
Total revenue				$	25,250
Operating expenses:
Cost of goods sold		9,100
Selling expense		4,300
General and administrative expense		3,400
Total operating expenses					16,800
Operating income					8,450
Interest expense					340
Income before income taxes					8,110
Income tax expense					3,500
Net income				$	4,610

Balance Sheet Information ($ in thousands)	Dec. 31, 2021				Dec. 31, 2020
Assets:
Cash	$	10,200			$	3,910
Accounts receivable		6,300				4,100
Inventory		7,800				4,900
Prepaid rent		340				680
Equipment		18,300				15,800
Less: Accumulated depreciation		(7,000	)			(6,400	)
Total assets	$	35,940			$	22,990
Liabilities and Shareholders Equity:
Accounts payable	$	5,200			$	3,000
Interest payable		290				0
Deferred revenue		1,180				790
Income taxes payable		740				1,180
Notes payable (due 12/31/2023)		8,800				0
Common stock		11,900				11,900
Retained earnings		7,830				6,120
Total liabilities and shareholders' equity	$	35,940			$	22,990

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

Cash dividends of $2,900 were declared and paid.

Equipment costing $7,800 was purchased with cash.

Equipment with a book value of $2,400 (cost of $5,300 less accumulated depreciation of $2,900) was sold for $2,400.

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 activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.)