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: $7,488 $3,448 328 Cost of goods sold Depreciation Insurance Administrative and other 1,880 Total operating expenses Income before income taxes Income tax expense Net income 1,660 $ 98e Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31,2818 Dec. 31, 2817 $ 388 830 728 90 2,59e $ 280 918 680 60 2,28e Less: Accumulated depreciation Total assets $3,520 $ 3,450 Liabilities and Shareholders Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2819) Common stock Retained earning.s $ 388 $ 448 280 880 980 230 680 880 748 Total liabilities and shareholders equity $3,520 $ 3,450 Requlrec: Prepare the cash flows from operating activities section of Tiger's 2018 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. (Hint: Use T-accounts for the pertinent items to isolate the information needed for the statement.) (Amounts to be deducted should be Indicated with a mlnus slgn. Enter your answers In thousands.) Statement of Cash Flows For the Year Ended December 31. 2018 Cash fiows from operating activities Net cash flows from operating activities