Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises $ 0, 080 $ 3, 540 420 280 1, 980 TIGER ENTERPRISES Income Statenent For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses Cost of goode 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 Equipnent 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) Common stock Retained earnings Total liabilities and shareholders' equity 6, 220 1.860 (780) $ 1,080 Dec. 31, 20 Dec. 31. 2021 $ 480 930 820 140 3.000 (1.200) 3 4.170 $ 380 1.010 780 110 2. 700 (780) $ 4.200 $ 480 480 380 980 1.080 770 $ 4.170 $ 540 580 330 780 980 990 $ 4.200 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.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Dec. 31, 2021 Dec. 31. 21 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) Common stock Retained earnings Total liabilities and shareholders' equity 480 930 820 140 3.000 (1.200) $ 4,170 $ 380 1,010 780 110 2,700 (780) $ 4.200 480 480 380 980 1, 080 770 $ 4, 170 540 580 330 780 980 990 $ 4.200 Required: Prepare the cash flows fromloperating 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.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Net cash flows from operating activities