Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $ 7,120 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses : Cost of goods sold $3,380 Depreciation expense 260 Insurance expense 120 General and administrative expense 1,820 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information is in thousands) Dec. 31, 2021 Assets: Cash 320 Accounts receivable 770 Inventory 660 Prepaid insurance 60 Equipment 2,200 Less: Accumulated depreciation (880) Total assets $3,130 Liabilities and Shareholders' Equity: Accounts payable 320 Accrued liabilities for general & administrative expense) 320 Income taxes payable 220 Notes payable (due 12/31/2022) 820 Common stock 920 Retained earnings 530 Total liabilities and shareholders' equity $3,130 5,580 1,540 (620) $ 920 Dec. 31, 2020 $ $ 220 850 620 30 1,900 (620) $3,000 $ $ 380 420 170 620 820 590 $3,000 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 (5 in thousands) Cash flows from operating activities: Net cash flows from operating activities