Presented below is the 2016 income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2016 ($ in thousands)

Sales revenue $7,500

Operating expenses:

Cost of goods sold$3,500

Depreciation 250

Insurance 150

Administrative and other 1,900

Total operating expenses 5,800

Income before income taxes 1,700

Income tax expense 680

Net income $1,020

Balance Sheet Information ($ in thousands)Dec. 31, 2016Dec. 31, 2015

Assets:

Cash$320 $210

Accounts receivable 755 840

Inventory 655 610

Prepaid insurance 60 25

Plant and equipment 2,200 1,850

Less: Accumulated depreciation (860) (610)

Total assets$3,130 $2,925

Liabilities and Shareholders' Equity:

Accounts payable$305 $370

Payables for administrative and other expenses 305 410

Income taxes payable 205 160

Note payable (due 12/31/2017) 860 650

Common stock 920 810

Retained earnings 535 525

Total liabilities and shareholders' equity$3,130 $2,925

Required:

Prepare Tigers statement of cash flows, using the indirect method to present cash flows from operating activities. (Hint: You will have to calculate dividend payments.) (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)