Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises $7,660 218 1.910 5,948 1,728 (710) $1.810 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 (s in thousands) Sales revenue Operating expenses: Cost of goods sold $ 3,478 Depreciation expense 358 Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31,2821 Assets: Cash $ 419 Accounts receivable Inventory 758 Prepaid insurance 195 Equipment 2,658 Less: Accumulated depreciation (1,860) Total assets $ 3,715 Liabilities and Shareholders' Equity: Accounts payable 410 Accrued liabilities (for general & administrative 419 expense) Income taxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity $ 310 868 940 710 2.350 710) $3.675 478 919 53.675 Required Prepare the cosh flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method. Assum all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. (Amou be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Canh Flown For the Year Ended December 31, 2021 1$ in thousands Cash Bows from operating activities: Net cash flows from operating activities