Presented below is the 2013 income statement and comparative balance sheet information for Tiger Enterprises.

Required:

Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities.

TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2013 ($ in thousands) Sales revenue Operating expenses: $7,000 Cost of goods sold Depreciation Insurance Administrati $3,360 240 100 1,800 ve and other Total operating expenses Income befoe income taxes Income tax expense Net income 5,500 1,500 600 S 900 Balance Sheet Information (S in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31, 2013 Dec. 31, 2012 S 300 750 640 50 2,100 (840) $3,000 $ 200 830 600 20 1,800 (600) $2,850 Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Payables for administrative and other expenses Income tax Note payable (due 12/31/2014) Common stock Retained earnings S 300 300 200 800 900 500 $3,000 $ 360 400 150 600 800 540 es payable Total liabilities and shareholders' equity $2,850