Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $ 7,000 $ 3,360 240 100 1,800 5,500 1,500 (600) $ 900 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 payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity $ 300 750 640 $ 200 830 600 20 1,800 (600) $ 2,850 2,100 (840) $ 3,000 360 $ 300 300 200 800 900 500 $ 3,000 400 150 609 800 540 $ 2,850 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: Net income S Adjustments for noncash effects 900 Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31