Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 16,500 Operating expenses: Cost of goods sold $ 5,300 Depreciation expense 430 Insurance expense 1,050 General and administrative expense 3,700 Total operating expenses 10,480 Income before income taxes 6,020 Income tax expense (2,408 ) Net income $ 3,612 Balance Sheet Information ($ in thousands) Dec. 31,2021 Dec. 31, 2020 Assets: Cash $ 680 $ 390 Accounts receivable 845 1,020 Inventory 855 790 Prepaid insurance 160 50 Equipment 3,500 2,750 Less: Accumulated depreciation (1,220 ) (790 ) Total assets $ 4,820 $ 4,210 Liabilities and Shareholders' Equity: Accounts payable $ 395 $ 550 Accrued liabilities (for general & administrative expense) 395 590 Income taxes payable 375 340 Notes payable (due 12/31/2022) 1,220 900 Common stock 1,160 990 Retained earnings 1,275 840 Total liabilities and shareholders' equity $ 4,820 $ 4,210 Required: Prepare Tigers 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 ENTERPRISESStatement of Cash FlowsFor 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 activitiesCash flows from investing activities:Net cash flows from investing activitiesCash flows from financing activities:Net cash flows from financing activitiesNet increase in cashCash, January 1Cash, December 31