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		$ 7,060
Operating expenses:
Cost of goods sold	$ 3,370
Depreciation expense	250
Insurance expense	110
General and administrative expense	1,810
Total operating expenses		5,540
Income before income taxes		1,520
Income tax expense		(610)
Net income		$ 910
Balance Sheet Information ($ in thousands)	December 31, 2024	December 31, 2023
Assets:
Cash	$ 310	$ 210
Accounts receivable	760	840
Inventory	650	610
Prepaid insurance	55	25
Equipment	2,150	1,850
Less: Accumulated depreciation	(860)	(610)
Total assets	$ 3,065	$ 2,925
Liabilities and Shareholders' Equity:
Accounts payable	$ 310	$ 370
Accrued liabilities (for general & administrative expense)	310	410
Income taxes payable	210	160
Notes payable (due 12/31/2025)	810	610
Common stock	910	810
Retained earnings	515	565
Total liabilities and shareholders' equity	$ 3,065	$ 2,925

Required:

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.

\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ TIGER ENTERPRISES } \\ \hline \multicolumn{2}{|c|}{ Statement of Cash Flows } \\ \hline \multicolumn{2}{|c|}{ (\$ in thousands) } & \\ \hline \multicolumn{2}{|c|}{ Yor the Year Ended December 31, 2024 } \\ \hline Cash flows from operating activities: & & \\ \hline Cash received from customers & (140) & \\ \hline Cash paid for insurance & & \\ \hline Cash paid for merchandise & & \\ \hline Cash paid for general and administrative expense & & \\ \hline Cash paid for income taxes & & (140) \\ \hline \end{tabular}