Presented below is the 2024 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2024 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income $ 8,020 $ 3,530 410 270 1,970 6,180 1,840 (770) $ 1,070 Balance Sheet Information ($ in thousands) December 31, 2024 December 31, 2023 Assets: Cash Accounts receivable Inventory $ 370 1,000 770 105 Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2025) Common stock Retained earnings Total liabilities and shareholders' equity Required: $ 470 920 810 135 2,950 (1,180) 2,650 (770) $ 4,105 $ 4,125 $ 470 $ 530 470 570 370 320 970 770 1,070 970 755 965 $ 4,105 $ 4,125 Prepare the cash flows from operating activities section of Tiger's 2024 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. Note: 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, 2024 ($ in thousands) Cash flows from operating activities: Net cash flows from operating activities $ 0