Question: Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31,

 Presented below is the 2018 income statement and comparative balance sheetinformation for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended

Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2818 Sales revenue Operating expenses: $17,800 $5,480 448 Cost of goods sold Depreciation 1,180 3,800 Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net income 10.746 6, 260 2,504 $3,756 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31,2818 Dec. 31, 2817 $ 78e 850 870 17e 3,69e $480 1,839 890 2,890 89e Less: Accumulated depreciation Total assets $4,95e $ 4,285 Liabilities and Shareholders Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2819) Common stock Retained earnings $488 490 380 1,280 1,18e ,310 $ 568 690 358 950 1,890 Total liabilities and shareholders equity $4,95e $ 4,285 Requlrec: 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 Indlcated wlth a mlnus slgn.)

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