$ 7,120 5, 580 1,540 620 $ 920 Dec. 31, 2017 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $3,380 Depreciation 260 Insurance 120 Administrative and other 1,820 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2018 Assets: Cash $ 320 Accounts receivable 770 Inventory 660 Prepaid insurance Plant and equipment 2,200 Less: Accumulated depreciation (880) Total assets $3,130 Liabilities and Shareholders' Equity: Accounts payable $ 320 Payables for administrative and other expenses 320 Income taxes payable 220 Note payable (due 12/31/2019) 820 Common stock 920 Retained earnings 530 Total liabilities and shareholders' equity $3,130 $ 220 850 620 60 30 1,900 (620) $3,000 $ 380 420 170 620 820 590 $3,000 TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2018 ($ in thousands) Cash flows from operating activities: Net cash flows from operating activities