Question: Presented below are the 2016 income statement and comparative balance sheets for Santana Industries. Additional information for the 2016 fiscal year ($ in thousands): 1.
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 $1,500 were declared and paid. |
| 2. | Equipment costing $5,000 was purchased with cash. |
| 3. | Equipment with a book value of $1,000 (cost of $2,500 less accumulated depreciation of $1,500) was sold for $1,000. |
| 4. | Depreciation of $2,100 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.) |
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