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Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers...

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Accounting

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Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. 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 $1,700 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' 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

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