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

TIGER ENTERPRISES

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Sales revenue $ $13,500$

Operating expenses:

Cost of goods sold $ $4,700$

Depreciation expense $370$

Insurance expense $750$

General and administrative expense $3,100$

Total operating expenses $8,920$

Income before income taxes $4,580$

Income tax expense $(1,832)$

Net income $ $2,748$

Balance Sheet Information $($$ in thousands$)$ December $31,2024$ December $31,2023$

Assets:

Cash $ $560$ $ $330$

Accounts receivable $815960$

Inventory $765730$

Prepaid insurance $10020$

Equipment $3,4002,450$

Less: Accumulated depreciation $(1,100)(730)$

Total assets $ $4,540$ $ $3,760$

Liabilities and Shareholders' Equity:

Accounts payable $ $365$ $ $490$

Accrued liabilities $($for general & administrative expense$)365530$

Income taxes payable $295280$

Notes payable $($due $12/31/2025)1,200800$

Common stock $1,040930$

Retained earnings $1,275730$

Total liabilities and shareholders' equity $ $4,540$ $ $3,760$

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

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