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help please Presented below is the 2021 Income statement and comparative balance sheet information for Tiger Enterprises $11,500 7,880 3,620 (1,448) $ 2.172 Dec. 31,
help please Presented below is the 2021 Income statement and comparative balance sheet information for Tiger Enterprises $11,500 7,880 3,620 (1,448) $ 2.172 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses Cost of goods sold Depreciation expense $ 4,300 330 Insurance expense 550 General and administrative expense 2.700 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2021 Assets: Cash $ 480 Accounts receivable 795 Inventory 775 Prepaid insurance 140 Equipment 3,000 Less Accumulated depreciation (1.020) Total assets $ 4,170 Liabilities and Shareholders' Equity: Accounts payable $ 345 Accrued liabilities (for general i administrative expense) 345 Income taxes payablo 260 Noten payable (due 12/31/2022) 1,120 Common stock 1,080 Retained earnings 1,020 Total liabilities and shareholders' equity $ 4,170 $ 290 920 690 65 2,250 (690) $ 3,525 5 450 490 240 800 890 655 $ 3,525 Required: Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities. (Hint: You will h 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, 2021 (s in thousands) Cash flows from operating activities: Adjustments for noncash effects Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities E BB Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: + Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31
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