9.

Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $7,000 5,500 1,500 (600) $ 900 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses : Cost of goods sold $3,360 Depreciation expense 240 Insurance expense 100 General and administrative expense 1,800 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands ) Dec. 31, 2021 Assets: Cash $ 300 Accounts receivable 750 Inventory 640 Prepaid insurance 50 Equipment 2,100 Less: Accumulated depreciation (840) Total assets $3,000 Liabilities and Shareholders' Equity: Accounts payable $ 300 Accrued liabilities (for general & administrative expense) 300 Income taxes payable 200 Notes payable (due 12/31/2022) 800 Common stock 900 Retained earnings 500 Total liabilities and shareholders' equity $3,000 $ 200 830 600 20 1,800 (600) $2,850 $ 360 400 150 600 800 540 $2,850 Required: Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities. (Hint You will have to calculate dividend payments). (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: $ 0 Net cash flows from operating activities Cash flows from investing activities: 0 Net cash flows from investing activities Cash flows from financing activities: 0 0 Net cash flows from financing activities Net increase in cash Cash, January 1 Cash, December 31 $ 0