$ 7,200 $3,368 240 100 1,800 5,500 1,500 (688) $ 988 Dec. 31,2821 Dec. 31, 2020 For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information (5 in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity $ 388 750 648 50 2,180 (840) $ 3,00 $ 280 830 680 28 1,888 600 $ 2,850 $ 388 388 200 888 980 500 $ 3, eee $ 360 400 150 600 288 548 $ 2,850 Required: Prepare Tiger's statement of cash flows, using the Indirect method to present cash flows from operating activities. (Hint. You will have to calculate dividend payments). (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 (5 in thousands) Cash flows from operating activities S Adjustments for noncash effects 900 240 Changes in operating assets and liabilities: S 1.140 Net cash flows from operating activities Cash flows from investing activities 0 Net cash flows from investing activities Cash flows from financing activities: 0 1.140 Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31 S 1.140