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Presented below are the 2024 income statement and comparative balance sheets for Santana Industries. Additional...

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Accounting

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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 $3,000 were declared and paid. 2. Equipment costing $8,000 was purchased with cash. 3. Equipment with a book value of $2,500 (cost of $5,500 less accumulated depreciation of $3,000 ) was sold for $2,500. 4. Depreciation of $3,600 is included in operating expenses. Required: Prepare Santana Industries' 2024 statement of cash flows, using the inclirect 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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