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What's the problems in here and can you show me the right answers please Presented below are the 2016 income statement and comparative balance sheets
What's the problems in here and can you show me the right answers please
Presented below are the 2016 income statement and comparative balance sheets for Santana Industries. Additional information for the 2016 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' 2016 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.) Answer is complete but not entirely correct
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