TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) $ 7,180 $ 3,390 270 130 1,830 5,620 1,560 (630) $ 930 Dec. 31, 2020 Dec 31, 2021 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 Balance Sheet Informations in thousands) Assetsi Cash Accounts receivable Inventory Prepaid insurance Equipent Less Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Accrued liabilities (for general & administrative expense) Income thxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders equity $ 330 780 670 65 2,250 (900 $ 3, 195 $ 230 860 630 35 1,950 (630) $ 3,075 $ 3.30 330 230 830 930 $ 390 430 180 630 830 615 $ 3,075 $3,195 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) inces TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 (5 in thousands) Cashfws from operating activities Cash received from customers Cash paid for insurance Cash paid for merchandise Cash paid for general and administrative expense Cash paid for income taxes 7260 130 (1930) (580) Net cash flows from operating activities S 4.880