Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $12,000 8,140 3,860 (1,544) $ 2,316 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses : Cost of goods sold $ 4,400 Depreciation expense 340 Insurance expense 600 General and administrative expense 2,800 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2021 Assets: Cash Accounts receivable 800 Inventory 790 Prepaid insurance 150 Equipment 3.100 Less: Accumulated depreciation 2.040) Total assets $4.300 Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) 350 Income taxes payable 265 Notes payable due 12/31/2022) 1,180 Common stock 1. 100 Retained earnings 1,055 Total liabilities and shareholders' equity $ 4,300 500 300 930 700 70 2,300 (700) $ 3.600 460 500 250 RSO 900 $ 3,600 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.) TIGER ENTERPRISES Statement of Cash Flows 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