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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) $10,000 Sales revenue Operating expenses: $4,000 300 400 2,400 Cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net income 7,100 2,900 1,160 $ 1,740 Dec. 31,2018 Dec. 31, 2017 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment $ 420 780 730 110 2,700 (960 $3,780 $260 890 660 50 2,100 660 Less: Accumulated depreciation Total assets $ 3,300 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 $ 330 330 230 1,160 1,020 710 $ 420 460 210 900 860 450 Total liabilities and shareholders' equity $3,780 $ 3,300 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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