Can you double check my work? Thanks,

Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISES

Income Statement

For the Year Ended December 31, 2021

($ in thousands)

Sales revenue 7,000

Operating expenses:

Cost of goods sold 3360

Depreciation expense 240

Insurance expense 100

General and administrative expense 1800

Total operating expenses 5,500

Income before income taxes 1,500

Income tax expense -600

Net income 900

Balance Sheet Information ($ in thousands)

Dec. 31 2021 Dec. 31. 2020

Assets:

Cash 300 200

Accounts receivable 750 830

Inventory 640 600

Prepaid insurance 50 20

Equipment 2100 1800

Less: Accumulated depreciation -840 -600

Total assets 3000 2850

Liabilities and Shareholders' Equity:

Accounts payable 300 360

Accrued liabilities (gen & admin. exp) 300 400

Income taxes payable 200 150

Notes payable (due 12/31/2022) 800 600

Common stock 900 800

Retained earnings 500 540

Total liabilities and shareholders' equity 3000 2850

statement of cash flows, using the indirect method to present cash flows from operating activities. (Hint: You will have to calculate dividend payments).

This is what I have

Cash Flows From Operating Activities:

Net income 900

Adjustments for noncash effects:

Depreciation expense 240

Operating assets and liabilities:

Accounts receivable -80

Inventory 40

Prepaid Insurance 30

Accounts Payable -60

Accrued liabilities -100

Income taxes payable 50

Net cash flows from operating activities 1020

Cash flows from investing activities

Purchase of Equipment -300

Net cash flow from investing activities -300

Cash flows from financing actvities:

Common stock 100

Notes payable 200

Dividends payments -940

Net cash flow from Financing activities -640

Net Total 80

Dividend

540

+900

-500

940