Exercise $4-20($Algo$)$ Statement of cash flows; indirect method $[$LO$4-8]$

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

$\backslash$table$[[$TIGER ENTERPRISES Income Statement For the Year Ended December $31,($$ in thousands$),,.],[$Sales revenue,,$ $8,500],[$Operating expenses:,,$ $8,500],[$Cost of goods sold,$ $3,700,],[$Depreciation expense,$270,],[$General and administrative expense,$250,],[$Total operating expenses,$2,100,],[$Income before income taxes,,$6,320],[$Income tax expense,,$2,180],[$Net income,,$(872)],[,$r$,$$ $1,308],[$Balance Sheet Information $($$ in thousands$),$December $31,,$December $31,],[$Assets:$,2024,2023],[$Cash$,,],[$Accounts receivable,$ $360,$$ $230],[$Inventory$,765685,860],[$Prepaid insurance,$685,630],[$Equipment$,80,35],[,2,400(900),1,950],[$Total assets,$(900),(630)],[$Liabilities and Shareholders' Equit,$ $3,390,$$ $3,075],[$Accounts payable,,$*],[$Accrued liabilities $($for general & administrative,$ $315,$$ $390],[$Income taxes payable,$315215,430],[$Notes payable $($due $12/31/2025),215,180],[$Common stock,$980,750],[$Retained earnings,$960,830],[$Total liabilities and shareholders' equity,$605,495],[$$ $3,390,$$ $3,075]]$

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$).$

Note: Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.