Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $16,000 10,220 5.780 (2012) $ 3,468 Dec 31, 2020 t ncos TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 (5 in thousands) Sales revenue Operating expenses Cost of goods sold $ 5,200 Depreciation expense 420 Insurance expense 1,000 General and administrative expense 3.600 Total operating expennen Income before income taxes Income tax expense Net income Balance Sheet Information is in thousandu) Dec. 31,2021 Assets Cash $ 660 Accounts receivable 840 Inventory 840 Prepaid insurance 150 Equipment 3,400 Lens Accumulated depreciation (2.200) Total annet $4,690 Liabilities and shareholders' Equity Accounts payable 5 390 Accrued liabilities (for general administrative expense) 390 Income taxes payable 370 Notes payable (due 12/31/2022) 1.160 Common stock 1,140 Retained earningu 1,240 Total liabilities and shareholders' equity $4,690 $ 380 1.010 780 45 2,700 (780) $.4.135 . 540 580 330 350 980 #55 54.135 Check my work 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 $ 0