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 $ $14,500$

Operating expenses:

Cost of goods sold $ $4,900$

Depreciation expense $390$

Insurance expense $850$

General and administrative expense $3,300$

Total operating expenses $9,440$

Income before income taxes $5,060$

Income tax expense $(2,024)$

Net income $ $3,036$

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

Assets:

Cash $ $600$ $ $350$

Accounts receivable $825980$

Inventory $795750$

Prepaid insurance $12030$

Equipment $3,1002,550$

Less: Accumulated depreciation $(1,140)(750)$

Total assets $ $4,300$ $ $3,910$

Liabilities and Shareholders' Equity:

Accounts payable $ $375$ $ $510$

Accrued liabilities $($for general & administrative expense$)375550$

Income taxes payable $355300$

Notes payable $($due $12/31/2025)1,320900$

Common stock $1,080950$

Retained earnings $795700$

Total liabilities and shareholders' equity $ $4,300$ $ $3,910$

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.