Presented below is the 2016 income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISES
Income Statement
For the Year Ended December 31, 2016
($ in thousands)
Sales revenue				$	7,000
Operating expenses:
Cost of goods sold	$	3,360
Depreciation		240
Insurance		100
Administrative and other		1,800
Total operating expenses					5,500
Income before income taxes					1,500
Income tax expense					600
Net income				$	900
Balance Sheet Information ($ in thousands)	Dec. 31, 2016			Dec. 31, 2015
Assets:
Cash	$	300		$	200
Accounts receivable		750			830
Inventory		640			600
Prepaid insurance		50			20
Plant and equipment		2,100			1,800
Less: Accumulated depreciation		(840	)		(600	)
Total assets	$	3,000		$	2,850
Liabilities and Shareholders' Equity:
Accounts payable	$	300		$	360
Payables for administrative and other expenses		300			400
Income taxes payable		200			150
Note payable (due 12/31/2017)		800			600
Common stock		900			800
Retained earnings		500			540
Total liabilities and shareholders' equity	$	3,000		$	2,850

Required:

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.)