Exercise 4-20 Statement of cash flows; indirect method [LO4-8 Presented below ls the 2018 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 Sales revenue Operating expenses: $7,500 Cost of goods sold Depreciation Insurance 2-20 $3,500 250 150 1,900 trative and other Total operating expenses Income tax expense Net income 5, 800 1, 700 680 $1,020 Cash $ 320 755 655 60 2,200 s 210 840 610 Plant and equipment 1,850 Lesss (8601 (6101 $3,130 Total assets s 305 305 205 860 1 60 (due 12/31/2019) 810 $3, 130 and s Required: Prepare Tiger's statement of cash to calculate dividend pa using the indirect method to present cash flows from Amounts to be d educted should be indicated with a minus ities and $3,130 $2,925 t0 Decrease in