Question: Presented below is the 2016 income statement and comparative balance sheet information for Tiger Enterprises. begin{tabular}{lrr} Assets: & $300 & $200 Cash & 750



Presented below is the 2016 income statement and comparative balance sheet information for Tiger Enterprises. \begin{tabular}{lrr} Assets: & $300 & $200 \\ Cash & 750 & 830 \\ Accounts receivable & 640 & 600 \\ Inventory & 50 & 20 \\ Prepaid insurance & 2,100 & 1,800 \\ Plant and equipment & (840) & (600) \\ \hline Less: Accumulated depreciation & $3,000 & $2,850 \\ \multicolumn{1}{l}{ Total assets } & & \\ & & \\ Liabilities and Shareholders' Equity: & 300 & $360 \\ Accounts payable & 300 & 400 \\ Payables for administrative and other & 200 & 150 \\ expenses & 800 & 600 \\ Income taxes payable & 900 & 800 \\ Note payable (due 12/31/2017) & 500 & 540 \\ Common stock & & \\ Retained earnings & & \\ \multicolumn{1}{l}{ Total liabilities and shareholders' } & $3,000 & $2,850 \\ equity & & \\ & \end{tabular} 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.)
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