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		$ 7,000
Operating expenses:
Cost of goods sold	$ 3,360
Depreciation expense	240
Insurance expense	100
General and administrative expense	1,800
Total operating expenses		5,500
Income before income taxes		1,500
Income tax expense		(600)
Net income		$ 900
Balance Sheet Information ($ in thousands)	December 31, 2024	December 31, 2023
Assets:
Cash	$ 300	$ 200
Accounts receivable	750	830
Inventory	640	600
Prepaid insurance	50	20
Equipment	2,100	1,800
Less: Accumulated depreciation	(840)	(600)
Total assets	$ 3,000	$ 2,850
Liabilities and Shareholders' Equity:
Accounts payable	$ 300	$ 360
Accrued liabilities (for general & administrative expense)	300	400
Income taxes payable	200	150
Notes payable (due 12/31/2025)	800	600
Common stock	900	800
Retained earnings	500	540
Total liabilities and shareholders' equity	$ 3,000	$ 2,850

Required:

Prepare Tigers 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.