Question: please help will leave thumbs up Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income Statement

Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 is in thousands) Sales revenue $7,540 Operating expenses Coat of goods sold Depreciation expense $ 3,450 330 Insurance expense 190 General and administrative expense 1,890 Total operating expenses 5,860 Income before income taxes 1,680 Income tax expense (690) Net income $ 990 Balance Sheet Information ($ in thousands) Dec. 31,2021 Dec. 31, 2020 Assets: Cash $ 390 $ 290 Accounts receivable 840 920 Inventory 730 690 Prepaid insurance 95 65 Equipment 2,550 2.250 Lossi Accumulated depreciation _(1,020) (690) Total asset $ 3,585 $3,525 Liabilities and shareholders' Equity Accounts payable 390 450 accrued liabilities for general administrative expense) 390 490 Income taxes payable 290 240 Notes payable (due 12/31/2022) 890 690 Common stock 990 990 Retained earnings 635 765 Total liabilities and shareholders' equity $ 3,585 $3,525 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method. Assume th all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. (Amounts be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash received from customers Cash paid for insurance Cash paid for merchandise Cash paid for general and administrative expense Cash paid for income taxes Net cash flows from operating activities $ 0
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