$7,720 $ 3,480 360 220 1,920 5,980 1,740 (720) $1,020 Dec. 31, 2020 Dec. 31, 2021 ($ 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 Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity $ 420 870 760 110 2,700 (1,080) $ 3,780 $ 320 950 720 80 2,400 (720) $3,750 $ 420 420 320 920 1,020 680 $ 3,780 $ 480 520 270 720 920 840 $3,750 TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Net cash flows from operating activities