Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue 7,000 Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense 3,360 240 100 1,800 Total operating expenses 5,500 1,500 (600) Income before income taxes Income tax expense Net income 900 Balance Sheet Information ($in thousands) Dec. 31,2021 Dec. 31, 2020 Assets Cash 300 200 Accounts receivable 750 830 600 Inventory Prepaid insurance Equipment Less: Accumulated depreciation 640 50 20 2,100 (840) $ 3,000 1,800 (600) 2,850 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 300 360 300 400 150 200 800 600 900 800 Retained earnings 500 540 Total liabilities and shareholders' equity 3,000 2,850 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 (S in thousands) Cash flows from operating activities: Adjustments for noncash effects: 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