Probiem 4-11 (Static) Statement of cosh fiows; Indirect method [LO4-8] Presented below are the 2024 income statement and comparative balance sheets for Sontana industrles. Aadrional information for the 2024 frecal year (s in thousandat. 1 Cash amiends of 51000 were declared and paid 2 Eousment cosing $4.000 was puichased weth cash 4. Deprecistion of 51600 is included in operating expentet. Requited Addijonal information for the 2024 fiscal year is in thousandi): 1. Cath divdends of $1,000 were declared and paid. 2 Equipment costing $4,000 was purchased with cash 3. Equpment wth a book value of $500 icost of $1,500 less accumulated depreciation of $1,000 was sold for $500. 4. Depresation of $1.600 is included in operating expenses. Required: Prepare Santana industries: 2024 statement of cach fows, ualng the indirect method to prosent cash flows from oporating activise Note, Amounts to be deducted should be indicated whth a minus sign. Erter your answers in thousands