Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Least Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Payables for administrative and other expenses, Income taxes payable Note payable (due 12/31/2019) Common stock Retained earnings Total liabilities and shareholders' equity $3,380 260 120 1,820 $7,120 5,580 1,540 620 $ 920 Dec. 31,2018 Dec. 31, 2017 $ 320 $ 220 770 850 660 620 60 30 2,200 1,900 (880) $3,130 (620) $3,000 $ 320 $ 380 320 420 220 170 820 620 920 820 530 $3,130 590 $3,000 Required: Prepare the cash flows from operating activities section of Tiger's 2018 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. (Hint: Use T- ccounts for the pertinent items to isolate the information needed for the statement.) (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.)