TIGER ENTERPRISES Income statement For the Year Ended December 31, 2024 ( $ in thousands) Sales revenue $10,500 operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Incone 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 Accrued liabilities (for general \& administrative expense) Income taxes payable Notes payable (due 12/31/2025) Comon stock Retained earnings Total liabilities and shareholders equity \begin{tabular}{rr} $440 & $270 \\ 785 & 900 \\ 745 & 670 \\ 120 & 55 \\ 2,800 & 2,150 \\ (980) & (670) \\ \hline 3,910 & $3,375 \\ \hline$335 & \\ 335 & $430 \\ 235 & 470 \\ 1,600 & 220 \\ 1,040 & 700 \\ 965 & 870 \\ $3,910 & 685 \\ \hline \end{tabular} 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 Income statement For the Year Ended December 31, 2024 ( $ in thousands) Sales revenue $10,500 operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Incone 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 Accrued liabilities (for general \& administrative expense) Income taxes payable Notes payable (due 12/31/2025) Comon stock Retained earnings Total liabilities and shareholders equity \begin{tabular}{rr} $440 & $270 \\ 785 & 900 \\ 745 & 670 \\ 120 & 55 \\ 2,800 & 2,150 \\ (980) & (670) \\ \hline 3,910 & $3,375 \\ \hline$335 & \\ 335 & $430 \\ 235 & 470 \\ 1,600 & 220 \\ 1,040 & 700 \\ 965 & 870 \\ $3,910 & 685 \\ \hline \end{tabular} 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