Presented below is the 2024 income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISESIncome StatementFor the Year Ended December 31, 2024($ in thousands)Sales revenue $ 7,300Operating expenses: Cost of goods sold$ 3,410 Depreciation expense290 Insurance expense150 General and administrative expense1,850 Total operating expenses 5,700Income before income taxes 1,600Income tax expense (650)Net income $ 950Balance Sheet Information ($ in thousands)December 31, 2024December 31, 2023Assets: Cash$ 350$ 250Accounts receivable800880Inventory690650Prepaid insurance7545Equipment2,3502,050Less: Accumulated depreciation(940)(650)Total assets$ 3,325$ 3,225Liabilities and Shareholders' Equity: Accounts payable$ 350$ 410Accrued liabilities (for general & administrative expense)350450Income taxes payable250200Notes payable (due 12/31/2025)850650Common stock950850Retained earnings575665Total liabilities and shareholders' equity$ 3,325$ 3,225

Required:

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.

Cash flows from operating activities: Cash received from customers$0.00 cash paid for insurance$0.00 cash paid for merchandise$0.00 cash paid for general and administrative expenses$0.00 cash paid for income taxes$0.00 Net cash flows from operating activities $0.00