TIGER ENTERPRISES Income statement For the year Ended December 31, 2013 ($ in thousands) Sales revenue $8,000 Operating expenses: Cost of goods sold $3,340 Depreciation 240 Insurance 100 Administrative and other 1,800 Total operating expenses 5,500 Income before income taxes 1,500 Income tax expense 600 Net income 900 Statement of Financial Information ($ in thousands) Dec. 31, 2013 Dec. 31, 2012 Assets: Cash $ 300 $ 200 Accounts receivable 750 830 Inventory 640 600 Prepaid insurance 50 20 Plant and equipment 2,100 1,800 Less: Accumulated depreciation (840) (600) Total assets $ 3,000 $ 2,850 Liabilities and Shareholders Equity: Accounts payable $ 300 $ 360 Payables for administrative and other expenses 300 400 Income tax payable 200 150 Note payable (due 31/12/2014) 800 600 Ordinary share capital 900 800 Retained earnings 500 540 Total liabilities and shareholders equity $ 3,000 $ 2,850

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. Assume that dividends are classified as financing cash flows.)