Presented below are the 2018 income statement and comparative balance sheets for Santana Industries SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Service revenue $ 18,056e 7,200 Total revenue $25,250 Operating expenses: Cost of goods sold Selling General and administrative 9,100 4, 300 3,40e Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income 16,800 8,450 390 8,060 4,400 $ 3,66e Dec. 31, Dec. 31, 26182017 Balance Sheet Information ($ in thousands) Assets Cash Accounts receivable Inventory Prepaid rent Plant and equipment $ 9,250 3,910 4,100 4,900 680 15,800 6,300 7,800 340 18,300 Less: Accumulated depreciation 7,900) (6,490) Total assets $34,990 22,990 Liabilities and Shareholders Equity: Accounts payable Interest payable Deferred service revenue Income taxes payable Loan payable (due 12/31/2020) Common stock Retained earnings $ 5,200 $ 3,e0e 290 1,180 740 8,800 11,900 6,880 790 1,180 11,9ee 6,120 $34,990 22,990 Total liabilities and shareholders' equity Additional information for the 2018 fiscal year ($ in thousands): . Cash dividends of $2,900 were declared and paid. 2. Equipment costing $7,800 was purchased with cash 3. Equipment with a book value of $2,400 (cost of $5,300 less accumulated depreciation of $2,900) was sold for $2,400 4. Depreciation of $3,500 is included in operating expenses. Required Prepare Santana Industries' 2018 statement of cash flows, using the indirect method to present cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) SAN TANA INDUSTRIES Statement of Cash Flows For the Year Ended December 31,2018 ($ in thousands) 0 0 0 0