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someome already answered Presented below is the 2021 Income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income Statement For the Year

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someome already answered
Presented below is the 2021 Income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 {$ in thousands) Sales revenue $ 9,500 Operating expenses Cont of goods sold $3,900 Depreciation expense 290 Insurance expense 350 General and administrative expense 2.300 Total operating expense 6,840 Income before income taxes 2,660 Tneome tax expense (1.066) Net Income $ 1,596 Balance sheet Information in thousanda) Dec. 31.2021 Dec. 31, 2020 Annetsi Canh $ 400 $ 250 Accounts receivable 775 880 Inventory 715 650 Prepaid insurance 100 45 Equipment 2.600 2,050 Leon Accumulated depreciation (940) (550) Total annet $3,650 $ 3, 225 1. abilities and shareholders' Equity Accounts payable $ 325 . 410 Rocrued abilition (for general administrative expense) 325 450 Income taxes payable 225 200 Notos payable (de 12/31/2022) 1,100 850 Common stock 1.000 Retained earnings 675 465 Total liabilities and shareholders' equity 53,650 33,225 850 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). (Enter your answers in thouands. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: 0 Net cash flows from operating activities Cash flows from investing activities: 0 Net cash flows from investing activities Cash flows from financing activities: 0 0 Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31 + $ 0

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