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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, 2818 Sales revenue Operating expenses: $17,800 $5,480 448 Cost of goods sold Depreciation 1,180 3,800 Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net income 10.746 6, 260 2,504 $3,756 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31,2818 Dec. 31, 2817 $ 78e 850 870 17e 3,69e $480 1,839 890 2,890 89e Less: Accumulated depreciation Total assets $4,95e $ 4,285 Liabilities and Shareholders Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2819) Common stock Retained earnings $488 490 380 1,280 1,18e ,310 $ 568 690 358 950 1,890 Total liabilities and shareholders equity $4,95e $ 4,285 Requlrec: 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 Indlcated wlth a mlnus slgn.)

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