Presented below is the 2013 income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2013 ($ in thousands)
Sales revenue				$	16,000
Operating expenses:
Cost of goods sold	$	5,200
Depreciation		420
Insurance		1,000
Administrative and other		3,600
Total operating expenses					10,220
Income before income taxes					5,780
Income tax expense					2,312
Net income				$	3,468
Balance Sheet Information ($ in thousands)	Dec. 31, 2013			Dec. 31, 2012
Assets:
Cash	$	660		$	380
Accounts receivable		840			1,010
Inventory		840			780
Prepaid insurance		150			45
Plant and equipment		3,400			2,700
Less: Accumulated depreciation		(1,200	)		(780	)
Total assets	$	4,690		$	4,135
Liabilities and Shareholders' Equity:
Accounts payable	$	390		$	540
Payables for administrative and other expenses		390			580
Income taxes payable		370			330
Note payable (due 12/31/2014)		1,160			850
Common stock		1,140			980
Retained earnings		1,240			855
Total liabilities and shareholders' equity	$	4,690		$	4,135

Required:

Prepare Tiger