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 (S in thousands) $12,500 Sales revenue Operating expenses Cost of goods sold Depreciation Insurance Administrative and other $ 4,500 350 650 2,900 Total operating expenses 8,400 Income before income taxes Income tax expense 4,100 1,640 Net income $ 2,460 Balance Sheet Information (S in thousands) Assets Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31, 2016 Dec. 31, 2015 $ 520 805 805 160 3,200 (1,060) $ 310 940 710 75 2,350 (710) Less: Accumulated depreciation Total assets $4,430 $ 3,675 Liabilities and Shareholders' Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2017) Common stock Retained earnings $ 355 355 270 1,240 1,000 1,210 $ 470 510 260 900 910 625 Total liabilities and shareholders' equity $4,430 $ 3,675 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.) (Enter your answers in thousands Amounts to be deducted should be indicated with a minus sign.)