Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises.

Exercise 4-20 Statement of cash flows; indirect method [L04-8] 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 $15,500 Operating expenses: $5,100 410 950 3,500 Cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net income 9,960 5,540 2,216 $ 3,324 Dec. 31, 2017 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31,2018 $ 640 835 825 140 3,300 1,180 $4,560 $ 370 1,000 770 40 2,650 770 $ 4,060 Less: Accumulated depreciation Total assets 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 $385 385 365 1,100 1,120 1,205 $ 4,560 $ 530 570 320 800 970 870 $ 4,060 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 sign.)