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Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises $12,500 3,400 4,100 (1,640) $ 2,460 Dec. 31, 2020 TIGER ENTERPRISES Income Statement Por the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses Cost of goods sold $ 4,500 Depreciation expense 350 Insurance expense 650 General and administrative expense 2,900 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information is in thousanda) Dec. 31,2021 Rosets Canh S 520 Accounts receivable 05 Inventory 805 Prepaid insurance 160 Equipment 3,200 Less: Accumulated depreciation 12.060 Total assets $4,430 Llabilities and Shareholders' Equity Accounts payable $ 355 Accrued liabilities for general administrative expense) 355 Incone taxes payable 270 Notes payable (due 12/31/2022) 1.240 Comuonatock 1.000 Retained earningu 1,210 Total liabilities and shareholders' equity $1.430 $ 310 940 710 75 2,350 (710) 53,675 5 470 510 260 900 910 53.675 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.) Statement of Cash Flows For the Year Ended December 31, 2021 (5 in thousands) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31

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