850 Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 (s in thousands) Sales revenue $14,500 Operating expenses: Cost of goods sold $ 4,900 Depreciation 390 Insurance Administrative and other 3,300 Total operating expenses 9,440 Income before income taxes 5,060 Income tax expense 2,024 Net income $ 3,036 Balance Sheet Information ($ in thousands) Dec. 31, 2018 Dec. 31, 2017 Assets: Cash $ 600 $ 350 Accounts receivable I 980 Inventory 795 750 Prepaid insurance 120 30 Plant and equipment 3,100 2,550 Less: Accumulated depreciation (1,140) (750) Total assets $ 4,300 $ 3,918 Liabilities and Shareholders' Equity: Accounts payable $ 375 $ 510 Payables for administrative and other expenses 375 550 Income taxes payable 355 300 Note payable (due 12/31/2019) 1,320 900 Common stock 1,089 950 Retained earnings 795 700 Total liabilities and shareholders' equity $ 4,300 $ 3,910 825 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.) TIGER ENTERPRISES Statement of Cash Flows, For the Year Ended December 31, 2018 ($ in thousands) Statement of Cash Flows For the Year Ended December 31, 2018 ($ in thousands)