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$11,500 7. BBO 3,620 1.448 $ 2,172 Dec. 31, 2017 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousanda) Sales revenue Operating expensest Coat of goods sold $ 4,300 Depreciation 330 Insurance 550 Administrative and other 2.700 Total operating expenses Income before income taxes Income tax expenso Net income Balance Sheet Information ($ in thousands) Dec. 31, 2018 Assets $ 480 Accounts receivable 795 Inventory 775 Prepaid insurance 140 Plant and equipment 3,000 Less: Accumulated depreciation (1,020) Total assets $ 4,170 Liabilities and shareholders! Equity Accounts payable $ 345 Payables for administrative and other expenses 345 Income taxes payable 260 Note payable (due 12/31/2019) 1,120 Common stock 1,080 Retained earnings 1,020 Total liabilities and shareholders' equity $ 4,170 Cash S 290 920 690 65 2,250 (690) $ 3,525 $ 450 490 240 800 890 655 $ 3,525 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, 2018 TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2018 (s in thousands) $ 0 0 0 $