Presented below is the 2024 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. (Hint: You will have to calculate dividend payments).

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TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2024 $3,360 240 100 1,800 Dec. 31, 2024 $ 300 750 640 50 2,100 ($ 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) Assets: Cash Accounts receivable Inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general & admin. expense) Income taxes payable Notes payable (due 12/31/2024) Common stock Retained earnings Total liabilities and shareholders' equity (840) $3,000 $ 300 300 200 800 900 500 $3,000 $7,000 5,500 1,500 (600) $ 900 Dec. 31, 2023 $ 200 830 600 20 1,800 (600) $2,850 $360 400 150 600 800 540 $2,850