Saved 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 k t nces Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable. Inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable $ 17,000 $ 5,400 440 1,100 3,800 10,740 December 31, 2024 $ 700 850 870 170 3,600 (1,240) $ 4,950 6,260 (2,504) $ 3,756 December 31, 2023 $ 400 1,030 800 55 2,800 (800) $ 4,285 $ 400 $ 560 < Prev 6 of 10 Next > "repare for Final Exam Saved Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2025) Common stock Retained earnings Total liabilities and shareholders' equity 400 600 380 350 1,280 950 1,180 1,000 1,310 825 $ 4,950 $ 4,285 Help Save & Required: 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. TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2024 Cash flows from operating activities: Net income Adjustments for noncash effects Changes in operating assets and liabilities: ($ in thousands) $ 3,756 CH < Prev 6 of 10 Next > 09