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.

Presented below are the 2016 income statement and comparative balance sheets for

Santana Industries. Additional information for the 2016 fiscal year ($ in thousands):

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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