Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $ 8,500 $ 3,700 270 250 2,100 6,320 2,180 (872) $ 1,308 Dec. 31, 2020 Dec. 31, 2021 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ 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 paya Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity $ 360 765 685 80 2,400 $ 230 860 630 35 1,950 (909) (630) $ 3,390 $ 3,075 $ 315 315 215 980 960 605 $ 3,390 $ 390 430 180 750 830 495 $ 3,075 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)