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 $ 12,000 $ 4,400 340 600 2,800 8,140 3,860 (1,544) Net income Balance Sheet Information ($ in thousands) December 31, 2024 $ 2,316 December 31, 2023 Assets: Cash $ 500 $ 300 Accounts receivable 800 930 Inventory 790 700 Prepaid insurance 150 70 Equipment 3,100 2,300 Less: Accumulated depreciation (1,040) (700) Total assets $ 4,300 $ 3,600 Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable $ 350 $ 460 350 500 265 250 Notes payable (due 12/31/2025) Common stock Retained earnings Total liabilities and shareholders' equity 1,180 850 1,100 900 1,055 640 $ 4,300 $ 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). Note: Enter vour answers in thousands. Amounts to be deducted should be indicated with a minus sign.