E$.$A$-20$

Statement of cash

flows, indirect

method

$104-8$

Presented helow is the $2024$ income statement and comparative balance sheet information for Tiger Enterprises.

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

Dec. $31,2024$

Required:

Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activi$-$

ties. $($Hint: You will have to calculate dividend payments$).$