Week 3: Homework O Seved Help Save & Exit Submit Check my work 5 Presented below is the 2021 Income statement and comparative balance sheet Information for Tiger Enterprises. 10 points $14,Bee eBook $ 4,800 380 800 3.280 9,180 4,820 1.928) $ 2,892 Dec 31, 2020 Dec. 31, 2021 TIGER ENTERPRISES Tricone Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before incone taxes Income tax expense Net income Balance Sheet Information (5 in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Accrued abilities (tor general & administrative expenses Income taxes payable Notes payable (due 12/31/2022) Comon stoc Retained warnings Totul liabilities and shareholders equity 340 Print $ 580 820 780 110 3.ee (1.120) 5.4.170 5 970 740 25 2.500 (240) $ 3.835 References $ 540 290 $ 370 370 350 1.260 1. 760 $ 4,170 940 715 $ 3.835 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 thousands. Amounts to be deducted should be indicated with a minus sign.) TIGER ENTERPRISES Statement of Cash Flows Carth Vas 15 Return to 5 10 points Statement of Cash Flows For the Year Ended December 31, 2021 (s in thousands) Cash flows from operating activities: Net income Adjustments for noncash effects: Depreciation expense Changes in operating assets and liabilities: Decrease in accounts receivable Increase in inventory > olo Decrease in accounts payable Decrease in acarued liabilities Increase in income taxes payable Ooo Net cash flows from operating activities Cash flows from investing activities: Purchase of equipment Net cash flows from investing activities Cash flows from financing activities issuance of notes payable Dividends paid to shareholders Net cash flows from financing activities Net Increase in cash Cash January Cash December 31 0 0 Week 3: Homework O Seved Help Save & Exit Submit Check my work 5 Presented below is the 2021 Income statement and comparative balance sheet Information for Tiger Enterprises. 10 points $14,Bee eBook $ 4,800 380 800 3.280 9,180 4,820 1.928) $ 2,892 Dec 31, 2020 Dec. 31, 2021 TIGER ENTERPRISES Tricone Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before incone taxes Income tax expense Net income Balance Sheet Information (5 in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Accrued abilities (tor general & administrative expenses Income taxes payable Notes payable (due 12/31/2022) Comon stoc Retained warnings Totul liabilities and shareholders equity 340 Print $ 580 820 780 110 3.ee (1.120) 5.4.170 5 970 740 25 2.500 (240) $ 3.835 References $ 540 290 $ 370 370 350 1.260 1. 760 $ 4,170 940 715 $ 3.835 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 thousands. Amounts to be deducted should be indicated with a minus sign.) TIGER ENTERPRISES Statement of Cash Flows Carth Vas 15 Return to 5 10 points Statement of Cash Flows For the Year Ended December 31, 2021 (s in thousands) Cash flows from operating activities: Net income Adjustments for noncash effects: Depreciation expense Changes in operating assets and liabilities: Decrease in accounts receivable Increase in inventory > olo Decrease in accounts payable Decrease in acarued liabilities Increase in income taxes payable Ooo Net cash flows from operating activities Cash flows from investing activities: Purchase of equipment Net cash flows from investing activities Cash flows from financing activities issuance of notes payable Dividends paid to shareholders Net cash flows from financing activities Net Increase in cash Cash January Cash December 31 0 0