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 $7,780 $ 3,490 370 230 1,930 6,020 1,760 (730) $1,030 Balance Sheet Information ($ in thousands) Dec. 31,2021 Dec. 31, 2020 Assets: Cash $ 430 $ 330 Accounts receivable 880 960 Inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets 770 730 115 85 2,750 2,450 (1,100) (730) $ 3,845 $3,825 Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable 430 490 430 530 330 280 Notes payable (due 12/31/2022) 930 730 Common stock Retained earnings 1,030 930 695 865 Total liabilities and shareholders' equity $ 3,845 $3,825 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.)