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Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income Statement For the Year Ended December 31,

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Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue $17,000 Operating expenses: $ 5,400 440 , 100 3,800 Cost of goods sold Depreciation Insurance Administrative and other 10,740 6,260 2, 504 $ 3,756 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31,2018 Dec. 31, 2017 $ 700 850 870 170 3,600 $400 1,030 800 2,800 800 Less: Accumulated depreciation (1,240) Total assets $4,950 $ 4,285 Liabilities and Shareholders' Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2019) Common stock Retained earnings $ 400 400 380 1,280 1,180 1,310 $4,950 $ 560 600 350 950 1,000 825 $ 4,285 Total liabilities and shareholders equity 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

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