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Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December

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Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income $11,000 $ 4,200 320 500 2,600 7,620 3,380 (1,352) Balance Sheet Information ($ in thousands) Dec. 31,2021 $ 2,028 Dec. 31, 2020 Assets: Cash $ 460 $ 280 Accounts receivable 790 910 Inventory 760 680 Prepaid insurance 130 60 Equipment 2,900 2,200 Less: Accumulated depreciation (1,000) (680) Total assets $ 4,040 $ 3,450 Liabilities and Shareholders' Equity: Accounts payable $ 340 $ 440 Accrued liabilities (for general & administrative expense) Income taxes payable 340 480 240 230 Notes payable (due 12/31/2022) 1,060 750 Common stock Retained earnings 1,060 880 1,000 670 Total liabilities and shareholders' equity $ 4,040 $ 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

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