Sales revenue SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Service revenue Total revenue $ 15,650 4,800 $20,450 Operating expenses: Cost of goods sold 7,900 Selling expense 3,100 General and administrative expense 2,200 Total operating expenses 13,200 Operating income 7,250 Interest expense 220 Income before income taxes 7,030 Income tax expense 2,300 Net income $ 4,730 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid rent Equipment Less: Accumulated depreciation: Total assets Liabilities and Shareholders' Equity: Accounts payable $ 9,000 3,900 5,400 220 Dec. 31, 2021 Dec. 31, 2020 $ 2,830 2,900 3,700 440 15,900 13,400 (5,800) (5,200) $28,620 $18,070 $ 2,800 $ 1,800 170 940 670 620 940 6,400 10,700 6,990 $28,620 10,700 3,960 $18,070 Interest payable Deferred revenue Income taxes payable Notes payable (due 12/31/2023) Common stock Retained earnings Total liabilities and shareholders' equity Additional information for the 2021 fiscal year ($ in thousands): 1. Cash dividends of $1,700 were declared and paid. 2. Equipment costing $5,400 was purchased with cash. 3. Equipment with a book value of $1,200 (cost of $2.900 less accumulated depreciation of $1,700) was sold for $1,200. 4. Depreciation of $2,300 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.)