Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $7,360 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $3,420 Depreciation expense 300 Insurance expense 160 General and administrative expense 1,860 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2021 Assets: Cash $ 360 Accounts receivable 810 Inventory 700 Prepaid insurance 80 Equipment 2,400 Less: Accumulated depreciation (960) Total assets $3,390 Liabilities and Shareholders' Equity: Accounts payable $360 Accrued liabilities (for general & administrative expense) 360 Income taxes payable 260 Notes payable (due 12/31/2022) 860 Common stock 960 Retained earnings 598 Total liabilities and shareholders' equity $3,390 5,740 1,620 (660) $ 960 Dec. 31, 2020 $ 260 890 660 50 2,100 (660) $3,300 $ 420 460 210 660 860 690 $3,300 Required: Prepare the cash flows from operating activities section of Tiger's 2021 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. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 (s in thousands) Cash flows from operating activities: Cash received from customers Cash paid for insurance Cash paid for merchandise Cash paid for general and administrative expense Cash paid for income taxes Net cash flows from operating activities $ 0