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Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterpris $9.500 $ 3,900 290 350 2,300 6,840 2,660 (1,064) $ 1,596 Dec. 31, 2020 Dec. 31, 2021 TIGER ENTERPRISES Income Statement for the Year Ended December 31, 2021 $ 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 & administrative expense) Income taxes payable Notes payable (due 12/31/2022) Common stock. Retained earnings Total liabilities and shareholders' equity 580 $ 400 775 715 100 2.600 (940 $ 3,650 2.050 (650 $ 3,225 Se 200 $ 325 325 225 1,109 1,000 675 $ 3,650 850 465 $ 3,225 lomework Statement of Cash Flows For the Year Ended December 31, 2021 (s in thousands) Cash flows from operating activities: Adjustments for noncash effects Changes in operating assets and liabilities Not cash flows from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities lomework Statement of Cash Flows For the Year Ended December 31, 2021 (s in thousands) Cash flows from operating activities: Adjustments for noncash effects Changes in operating assets and liabilities Not cash flows from operating activities Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activities