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