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 (s 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 $ 9,000 $ 3,800 280 300 2,200 6,580 2,420 (968) Balance Sheet Information ($ in thousands) December 31, 2024 $ 1,452 December 31, 2023 Assets: Cash $ 380 Accounts receivable 770 Inventory 700 $ 240 870 640 Prepaid insurance 90 40 Equipment 2,500 Less: Accumulated depreciation (920) Total assets $ 3,520 2,000 (640) $ 3,150 Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2025) $ 320 $ 400 320 440 220 190 1,040 800 Common stock Retained earnings Total liabilities and shareholders' equity Required: 980 840 640 480 $ 3,520 $ 3,150 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 your answers in thousands. Amounts to be deducted should be indicated with a minus sign.