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Sales revenue $ 11,500 Operating expenses: Cost of goods sold $ 4,300 Depreciation 330 Insurance 550 Administrative and other 2,700 Total operating expenses 7,880 Income

Sales revenue $ 11,500
Operating expenses:
Cost of goods sold $ 4,300
Depreciation 330
Insurance 550
Administrative and other 2,700
Total operating expenses 7,880
Income before income taxes 3,620
Income tax expense 1,448
Net income $ 2,172
Balance Sheet Information ($ in thousands) Dec. 31, 2013 Dec. 31, 2012
Assets:
Cash $ 480 $ 290
Accounts receivable 795 920
Inventory 775 690
Prepaid insurance 140 65
Plant and equipment 3,000 2,250
Less: Accumulated depreciation (1,020 ) (690 )
Total assets $ 4,170 $ 3,525
Liabilities and Shareholders' Equity:
Accounts payable $ 345 $ 450
Payables for administrative and other expenses 345 490
Income taxes payable 260 240
Note payable (due 12/31/2014) 1,120 800
Common stock 1,080 890
Retained earnings 1,020 655
Total liabilities and shareholders' equity $ 4,170 $ 3,525

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.)

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