Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $ 7,780 $ 3,490 370 230 1,93e 6,02e 1,760 (730) $1,03e Dec. 31, 2020 Dec. 31,2021 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 is 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 Balance Sheet Information in thousands) Assets Cash Accounts receivable 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 5 430 880 770 115 2.750 (1.100) $ 3,845 $ 330 960 730 85 2.450 (730) $ 3,825 $ 430 430 330 930 1,030 695 $ 3,845 $ 490 530 280 730 930 865 $3,825 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method Assume th (1,100) $ 3,845 2,450 (730) $ 3,825 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) Comon stock Retained earnings Total liabilities and shareholders' equity 5 439 430 330 93e 1,630 595 $ 3,845 $ 190 530 280 330 930 865 $ 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.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 (s in thousands) Cash flows from operating activities 5 0 Net cash flows from operating activities