Problem 4-11 (Algo) Statement of cash flows; indirect method [LO4-8] Presented below are the 2024 income statement and comparative balance sheets for Santana Industries. Additional information for the 2024 fiscal year ( $ in thousands): 1. Cash dividends of $1,200 were declared and paid. 2. Equipment costing $4,400 was purchased with cash. 3. Equipment with a book value of $700 (cost of $1,900 less accumulated depreciation of $1,200 ) was sold for $700. 4. Depreciation of $1,800 is included in operating expenses. Required: Prepare Santana Industries' 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