Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $ 7,720 5,980 1,740 (720) $1,020 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $ 3,480 Depreciation expense 360 Insurance expense 220 General and administrative expense 1,920 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands ) Dec. 31, 2021 Assets: Cash $ 420 Accounts receivable 870 Inventory 760 Prepaid insurance 110 Equipment 2,700 Less: Accumulated depreciation (1,080) Total assets $ 3,780 Liabilities and Shareholders' Equity: Accounts payable $ 420 Accrued liabilities (for general & administrative expense) 420 Income taxes payable 320 Notes payable (due 12/31/2022) 920 Common stock 1,020 Retained earnings 680 Total liabilities and shareholders' equity $ 3,780 $ 320 950 720 80 2,400 (720) $3,750 $ 480 520 270 720 920 840 $3,750 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash paid for general and administrative expense Cash paid for income taxes Cash paid for insurance Cash paid for merchandise Cash received from customers Net cash flows from operating activities $ 0