Presented below are the 2024 income statement and comparative balance sheets for Santana Industries. Additional information for the 2024 fiscal year ( $ in thousands): 1. Cash dividends of $1,600 were declared and paid. 2. Equipment costing $5,200 was purchased with cash. 3. Equipment with a book value of $1,100 (cost of $2,700 less accumulated depreciation of $1,600 ) was sold for $1,100. 4. Depreciation of $2,200 is included in operating expenses. Required: Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from operating activities & & \\ \hline Cash flows from investing activities: & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from investing activities & & \\ \hline Cash flows from financing activities: & & \\ \hline & & \\ \hline Net increase in cash & & \\ \hline Cash, January 1 & & \\ \hline Cash. December 31 & & \\ \hline \end{tabular} SANTANA INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2024 ( $ in thousands) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities