Presented below is the $2024$ income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISES

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Sales revenue $ $9,500$

Operating expenses:

Cost of goods sold $ $3,900$

Depreciation expense $290$

Insurance expense $350$

General and administrative expense $2,300$

Total operating expenses $6,840$

Income before income taxes $2,660$

Income tax expense $(1,064)$

Net income $ $1,596$

Balance Sheet Information $($$ in thousands$)$ December $31,2024$ December $31,2023$

Assets:

Cash $ $400$ $ $250$

Accounts receivable $775880$

Inventory $715650$

Prepaid insurance $10045$

Equipment $2,6002,050$

Less: Accumulated depreciation $(940)(650)$

Total assets $ $3,650$ $ $3,225$

Liabilities and Shareholders' Equity:

Accounts payable $ $325$ $ $410$

Accrued liabilities $($for general & administrative expense$)325450$

Income taxes payable $225200$

Notes payable $($due $12/31/2025)1,100850$

Common stock $1,000850$

Retained earnings $675465$

Total liabilities and shareholders' equity $ $3,650$ $ $3,225$

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$).$

Note: Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.