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). (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

($ in thousands) $10,000 $ 4,000 309 Sales revenue Operating expenses: Cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense 400 2,400 7,100 2,900 1,160 $ 1,740 Net income Dec. 31, 2018 Dec. 31, 2017 $ 260 890 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Less: Accumulated depreciation 660 $ 420 780 730 110 2,700 (960) $ 3,780 50 2,100 (660) $ 3,300 $ 330 $ 420 330 460 Total assets Liabilities and Shareholders' Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2019) Common stock Retained earnings 230 210 900 1,160 1,020 710 860 450 Total liabilities and shareholders' equity $ 3,780 $ 3,300