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Please show work, thank you very much. TIGER ENTERPRISES Income Statement For...

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Accounting

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Please show work, thank you very much.

TIGER ENTERPRISES Income 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 income taxes Income tax expense Net income Balance Sheet Information (\$ in thousands) Dec. 31,2021 Dec. 31,2020 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 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity \begin{tabular}{rr} $320 & $210 \\ 755 & 840 \\ 655 & 610 \\ 60 & 25 \\ 2,200 & 1,850 \\ (860) & (610) \\ \hline$3,130 & $2,925 \\ \hline \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). (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

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