Presented below are the 2024 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES Income statement For the Year Ended December 31, 2024 Sales revenue Service revenue 03.20 .43 (\$ in thousands) Total revenue Operating expenses: Cost of goods sold selling expense General and administrative expense Total operating expenses Operating income Interest expense Incone before incore taxes Income tax expense Net income \$ 15,650 4,800 $20,450 7,900 3,100 2,200 Deferred revenue Incone taxes payable Notes payable (due 12/31/2026) Conson atock. Retained earnings Total liabilities and sharoholders' equity Additional information for the 2024 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 $0 ld for $1,200. 4. Depreciation of $2,300 is included in operating expenses. Required: Prepare Santana Industrles' 2024 statement of cash flows, using the indirect method to present cash flows from operating activities. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands