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.)

Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises E 4-20 Statement of cash flows; indirect method .LO4-8 $7,000 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 (S 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 5.500 1,500 1600) $ 900 640 Balance Sheet Information ($ in thousands) Dec 31, 2021 Dec 31, 2020 Assets: Cash $ 300 $ 200 Accounts receivable 750 830 Inventory 600 Prepaid insurance 50 Equipment 2,100 1,800 Less: Accumulated depreciation 1840) (600) Total assets $3,000 $2,850 Liabilities and Shareholders' Equity: Accounts payable 300 360 Accrued liabilities for general & admin. expense) 400 Income taxes payable 150 Notes payable (due 12/31/2022) 800 600 Common stock 900 800 Retained earnings 540 Total liabilities and shareholders' equity $2,850 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) 300 200 500 $3,000