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 Balance Sheet Information ($ in thousands) Assets: ent Cash Accounts receivable Inventory Prepaid insurance rences 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: $ 7,120 $ 3,380 260 120 1,820 5,580 1,540 (620) $ 920 December 31, 2024 December 31, 2023 $ 320 770 $ 220 850 660 620 60 30 2,200 1,900 (880) (620) $ 3,130 $ 3,000 $ 320 $ 380 320 420 220 170 820 620 920 820 530 590 $ 3,130 $ 3,000 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.