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

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.)

please show step by step solution