Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. $11,000 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $ 4,200 Depreciation 320 Insurance 500 Administrative and other 2,600 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2018 Assets: Cash $ 460 Accounts receivable 790 Inventory 760 Prepaid insurance 130 Plant and equipment 2,900 Less: Accumulated depreciation (1.000) Total assets $ 4,040 7,620 3,380 1, 352 $ 2,028 Dec. 31, 2017 $ 280 910 680 60 2,200 (680) $ 3, 450 (1,000) $ 4.040 (680) $ 3,450 UT 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 Total liabilities and shareholders' equity 340 340 240 1.060 1.060 1,000 $ 4,040 440 480 230 750 BBO 670 $ 3,450 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.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2018 ($ in thousands) 1 1 1 1 1 1 1 1 1