$ 7,300 $3,410 290 150 1,85e TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ 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 ($ 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 5,700 1,600 (658) $ 950 Dec. 31, 2020 Dec. 31, 2021 $ 350 see 690 75 2,350 (948) $ 3,325 $ 250 880 650 45 2,850 (650) $ 3,225 $ $ 350 350 250 410 45e 2e8 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 35e 250 850 950 575 $ 3,325 > 450 200 650 850 665 $ 3,225 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct me all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts rece be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash received from customers Cash paid for insurance Cash paid for merchandise Cash paid for general and administrative expense