Prepare Tigers statement of cash flows, using the indirect method to present cash flows from operating activities. (Hint: You will have to calculate dividend payments).

25 points TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2018 (5 in thousands) Cash flows from operating activities Net income Adjustments for noncash effects Depreciation expense Changes in operating assets and abilities Decrease in accounts receivable Increase in inventory Increase in prepaid insurance Decrease in accounts payable Decrease in administrative and other payables Increase in income taxes payable Net cash flows from operating activities Cash flows from investing activities Purchase of plant and equipment Cash flows from financing activities Proceeds from issuance of common stock Proceeds from note payable Payment of dividends Net cash flows from financing activities Not increase in cash Cash January 1 Cash, December 31 Exercise 4-20 Statement of cash flows; indirect method [LO4-8] Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. 25 points $12,500 35e 650 _2,900 8.400 4.100 1.640 $ 2,460 Dec. 31, 2017 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold $ 4,500 Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Dec. 31, 2018 Assets: Cash $ 520 Accounts receivable 805 Inventory 805 Prepaid insurance 160 Plant and equipment 3,200 Less: Accumulated depreciation (1.060) Total assets $ 4,430 Liabilities and Shareholders' Equity: Accounts payable $ 355 Payables for administrative and other expenses 355 Income taxes payable Note payable (due 12/31/2019) 1,240 Common stock 1,000 Retained earnings 1,210 Total liabilities and shareholders' equity $ 4,430 $ 310 940 710 2.350 (710) $ 3,675 $ 478 910 $ 3.675 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). (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)