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Exercise 4-21 (Algo) Statement of cash flows; direct method [LO4-8] Presented below is the 2024...

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Exercise 4-21 (Algo) Statement of cash flows; direct method [LO4-8] Presented below is the 2024 income statement and comparative balance sheet information for Tiger Enterprises. Prepare the cash flows from operating activities section of Tiger's 2024 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. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2024 ( $ in thousands) Cash flows from operating activities: \begin{tabular}{|l|r|r|} \hline Cash received from customers & 7,140 & \\ \hline Cash paid for insurance & & \\ \hline Cash paid for merchandise & & \\ \hline Cash paid for general and administrative expense & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from operating activities & & $,140 \\ \hline \end{tabular}

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