Presented below is the 2021 Income statement and comparative balance sheet Information for Tiger Enterprises. $6,020 $ 8,020 $ 3,530 410 270 1.970 6.180 1,840 (270) $ 1,070 Dec 31, 2020 Dec 31,2021 TEGER ENTERPRISES Income Statement For the Year Ended December 312021 (5 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) Coenon stock Retained earnings Total liabilities and shareholders equity 4 $ 470 920 810 135 2,950 (1.1) $4,105 $ 370 2.000 720 105 2,650 (720) 54.225 5 470 470 270 970 1, 255 3 510 570 320 270 970 965 $4,125 S105 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash fic all purchases and sales of Inventory are on account, and that there are no anticipated bad d be deducted should be Indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash received from customers Cash paid for insurance Cash paid for merchandise Cash paid for general and administrative expense Cash paid for income taxes Net cash flows from operating activities 0