Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $14,000 9, 180 4,820 (1,928) $ 2,892 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses : Cost of goods sold $ 4,800 Depreciation expense 380 Insurance expense 800 General and administrative expense 3,200 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31,2021 Assets: Cash $ 580 Accounts receivable 820 Inventory 780 Prepaid insurance 110 Equipment 3,000 Less: Accumulated depreciation (1,120) Total assets $ 4,170 Liabilities and Shareholders' Equity: Accounts payable $ 370 Accrued liabilities (for general & administrative expense) 370 Income taxes payable 350 Notes payable (due 12/31/2022) 1,260 Common stock 1,060 Retained earnings Total liabilities and shareholders' equity $ 4,170 $ 340 970 740 25 2,500 (740) $ 3,835 $ 500 540 290 850 940 715 $ 3,835 760 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.) statement of Lasn rrows For the Year Ended December 31, 2021 ($ 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