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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,

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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 $19,500 Operating expenses: Cost of goods sold $4,100 Depreciation expense 310 Insurance expense 450 General and administrative expense 2,500 Total operating expenses 7,360 Income before income taxes 3,140 Income tax expense (1,256) Net income $ 1,884 Balance Sheet Information ($ in thousands) Dec. 31, 2021 Dec. 31, 2020 Assets: Cash $ 440 $ 270 Accounts receivable 785 900 Inventory 745 670 Prepaid insurance 120 55 Equipment 2,800 2,150 Less: Accumulated depreciation (980) (670) 743 120 2,800 (980) $ 3,910 070 55 2,150 (670) $ 3,375 inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity $ $ 335 335 235 1,290 1,040 965 $ 3,910 430 470 220 700 870 685 $ 3,375 Required: Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities. (Hint: to calculate dividend payments). (Enter your answers in thousands. Amounts to be deducted should be indicated with sign.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31

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