Precedent 2021 www.coachen TOERTERPRISES Forect Openie cape 1340 15 ge 1 10 A Proud 2. W . 1 1 30 Nu w we Red 2003 Amount to be defected within the intende 11:46 AM Oneill ep cw TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities Nel castillows from operating activities Required: Prepare the cash flows from operating activities section of Tiger's 2021 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. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating dictivities Net cash flows from operating activibes S 0 7 Presented below is the 2021 income statement and comparative balonce sheet information for Tiger Enterpeises 0 TIGER ENTERPRISES Income Statement For the Year Ended Deceber 31, 2021 (I thousands Sales revenge $7,200 Operating expens Cost of goods sold $3,410 Depreciations 290 Insurance pense 150 General and administrative expense SO Total operating expenses 5200 Inico bufor taxes 1,600 Incot taken (650) Netico 5950 Balance Sheet Information in thousands) De 2021 Dec 1312020 ASSOS Cash 5350 250 Accounts receivable seo 880 Inventory 690 650 Prepaid insurance 75 45 Equipment 2,350 2,85e Last Actated depreciation (940) (650) Total Assets $3,325 $3.225 Liabilities and Shareholders' Equity: Accounts payable $ 350 $ 410 Accrued liabilities for general Administrative expense 450 Income taxes payable 250 200 Notes payable due 12/31/2022) 850 650 Connon stock 950 850 Retained earnings 575 665 Total Habilities and shareholders' equity 53.325 $3,225 350 $7,300 For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $3,410 Depreciation expense 290 Insurance expense 150 General and administrative expense 1,850 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2021 Assets Cash $ 350 Accounts receivable see Inventory 690 Prepaid insurance 75 Equipment 2,350 Less: Accumulated depreciation (940) Total assets $3,325 Liabilities and shareholders' Equity 5,700 1,600 (650) $ 950 Dec. 31, 2020 $ 250 880 650 45 2,050 (650) $3,225 ter 4 Homework Saved 7 350 $ 410 350 450 Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity 250 850 950 200 650 850 665 $3,225 Sk 575 $3,325 Required: Prepare the cash flows from operating activities section of Tiger's 2921 statement of cash flow ciro Precedent 2021 www.coachen TOERTERPRISES Forect Openie cape 1340 15 ge 1 10 A Proud 2. W . 1 1 30 Nu w we Red 2003 Amount to be defected within the intende 11:46 AM Oneill ep cw TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities Nel castillows from operating activities Required: Prepare the cash flows from operating activities section of Tiger's 2021 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. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating dictivities Net cash flows from operating activibes S 0 7 Presented below is the 2021 income statement and comparative balonce sheet information for Tiger Enterpeises 0 TIGER ENTERPRISES Income Statement For the Year Ended Deceber 31, 2021 (I thousands Sales revenge $7,200 Operating expens Cost of goods sold $3,410 Depreciations 290 Insurance pense 150 General and administrative expense SO Total operating expenses 5200 Inico bufor taxes 1,600 Incot taken (650) Netico 5950 Balance Sheet Information in thousands) De 2021 Dec 1312020 ASSOS Cash 5350 250 Accounts receivable seo 880 Inventory 690 650 Prepaid insurance 75 45 Equipment 2,350 2,85e Last Actated depreciation (940) (650) Total Assets $3,325 $3.225 Liabilities and Shareholders' Equity: Accounts payable $ 350 $ 410 Accrued liabilities for general Administrative expense 450 Income taxes payable 250 200 Notes payable due 12/31/2022) 850 650 Connon stock 950 850 Retained earnings 575 665 Total Habilities and shareholders' equity 53.325 $3,225 350 $7,300 For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $3,410 Depreciation expense 290 Insurance expense 150 General and administrative expense 1,850 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2021 Assets Cash $ 350 Accounts receivable see Inventory 690 Prepaid insurance 75 Equipment 2,350 Less: Accumulated depreciation (940) Total assets $3,325 Liabilities and shareholders' Equity 5,700 1,600 (650) $ 950 Dec. 31, 2020 $ 250 880 650 45 2,050 (650) $3,225 ter 4 Homework Saved 7 350 $ 410 350 450 Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity 250 850 950 200 650 850 665 $3,225 Sk 575 $3,325 Required: Prepare the cash flows from operating activities section of Tiger's 2921 statement of cash flow ciro