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 $ 9,500 $ 3,900 290 350 2,300 6,840 2,660 (1,064) $ 1,596 Balance Sheet Information ($ in thousands) December 31, 2024 December 31, 2023 Assets: Cash $ 400 $ 250 Accounts receivable 775 880 Inventory 715 650 Prepaid insurance 100 45 Equipment 2,600 2,050 Less: Accumulated depreciation (940) (650) Total assets Liabilities and Shareholders' Equity: $ 3,650 $ 3,225 Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2025) $ 325 $ 410 325 450 225 200 1,100 850 Common stock Retained earnings Total liabilities and shareholders' equity Required: 1,000 850 675 465 $ 3,650 $ 3,225 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.