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		$ 7,600
Operating expenses:
Cost of goods sold	$ 3,460
Depreciation expense	340
Insurance expense	200
General and administrative expense	1,900
Total operating expenses		5,900
Income before income taxes		1,700
Income tax expense		(700)
Net income		$ 1,000
Balance Sheet Information ($ in thousands)	December 31, 2024	December 31, 2023
Assets:
Cash	$ 400	$ 300
Accounts receivable	850	930
Inventory	740	700
Prepaid insurance	100	70
Equipment	2,600	2,300
Less: Accumulated depreciation	(1,040)	(700)
Total assets	$ 3,650	$ 3,600
Liabilities and Shareholders' Equity:
Accounts payable	$ 400	$ 460
Accrued liabilities (for general & administrative expense)	400	500
Income taxes payable	300	250
Notes payable (due 12/31/2025)	900	700
Common stock	1,000	900
Retained earnings	650	790
Total liabilities and shareholders' equity	$ 3,650	$ 3,600

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.

\begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ TIGER ENTERPRISES } \\ \hline \multicolumn{2}{|c|}{ Statement of Cash Flows } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, 2024} \\ \hline \multicolumn{2}{|c|}{ ( $ in thousands) } \\ \hline \multicolumn{2}{|l|}{ Cash flows from operating activities: } \\ \hline \multicolumn{2}{|c|}{ Cash paid for general and administrative expense } \\ \hline \multicolumn{2}{|l|}{ Cash paid for income taxes } \\ \hline \multicolumn{2}{|l|}{ Cash paid for insurance } \\ \hline \multicolumn{2}{|l|}{ Cash paid for merchandise } \\ \hline \multicolumn{2}{|l|}{ Cash received from customers } \\ \hline Net cash flows from operating activities & (100) \\ \hline \end{tabular}