Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $13,000 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $ 4,600 Depreciation expense 360 Insurance expense 700 General and administrative expense 3,000 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2021 Assets: Cash $ 540 Accounts receivable 810 Inventory 750 Prepaid insurance 170 Equipment 34300 Less: Accumulated depreciation (1,080) Total assets $ 4,490 Liabilities and Shareholders' Equity Accounts payable $ 360 Accrued liabilities for general administrative expense) 360 Income taxes payable 290 Notes payable (due 12/31/2022) 1,300 Common stock 1,020 Retained earnings 1,160 Total liabilities and shareholders' equity $ 4,490 8,660 4,340 (1,736) $ 2,604 Dec. 31, 2020 $ 320 950 720 80 2,400 (720) $ 3,750 $ 480 520 270 950 920 610 $ 3,750 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 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 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