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 $1,300 were declared and paid. 2. Equipment costing $4,600 was purchased with cash. 3. Equipment with a book value of $800 (cost of $2,100 less accumulated depreciation of $1,300 ) was sold for $800. 4. Depreciation of $1,900 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.) ndicated with a minus sign. Enter your answers in thousands.)
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