Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $7,780 6,020 1,760 (730) $1,030 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $ 3,490 Depreciation expense 370 Insurance expense 230 General and administrative expense 1,930 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2021 Assets: Cash $ 430 Accounts receivable 880 Inventory 770 Prepaid insurance 115 Equipment 2,750 Less: Accumulated depreciation (1,100) Total assets $ 3,845 Liabilities and Shareholders' Equity: Accounts payable $ 430 Accrued liabilities (for general & administrative expense) 430 Income taxes payable 330 Notes payable (due 12/31/2022) 930 Common stock 1,030 Retained earnings 695 Total liabilities and shareholders' equity $ 3,845 $ 330 960 730 85 2,450 (730) $3,825 $ 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 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.)