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

SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in thousands)
Sales revenue	$	15,650
Service revenue		4,800
Total revenue			$	20,450
Operating expenses:
Cost of goods sold		7,900
Selling		3,100
General and administrative		2,200
Total operating expenses				13,200
Operating income				7,250
Interest expense				270
Income before income taxes				6,980
Income tax expense				3,200
Net income			$	3,780

Balance Sheet Information ($ in thousands)	Dec. 31, 2016			Dec. 31, 2015
Assets:
Cash	$	8,050		$	2,830
Accounts receivable		3,900			2,900
Inventory		5,400			3,700
Prepaid rent		220			440
Plant and equipment		15,900			13,400
Less: Accumulated depreciation		(5,800	)		(5,200	)
Total assets	$	27,670		$	18,070
Liabilities and Shareholders Equity:
Accounts payable	$	2,800		$	1,800
Interest payable		170			0
Deferred service revenue		940			670
Income taxes payable		620			940
Loan payable (due 12/31/2015)		6,400			0
Common stock		10,700			10,700
Retained earnings		6,040			3,960
Total liabilities and shareholders' equity	$	27,670		$	18,070

Additional information for the 2016 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' 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.)