Presented below are the 2024 income statement and comparative balance sheets for Santana...
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Accounting
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 $1,100 were declared and paid. 2. Equipment costing $4,200 was purchased with cash. 3. Equipment with a book value of $600 (cost of $1,700 less accumulated depreciation of $1,100 ) was sold for $600. 4. Depreciation of $1,700 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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