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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 $1,400 were declared and paid. 2. Equipment costing $4,800 was purchased with cash. 3. Equipment with a book value of $900 (cost of $2,300 less accumulated depreciation of $1,400 ) was sold for $900. 4. Depreciation of $2,000 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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