Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. $16,500 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses Cost of goods sold $ 5,300 Depreciation 430 Insurance 1,050 Administrative and other 3,700 Total operating expenses Income before income taxes Income tax expense Not income Balance Sheet Information ($ in thousands) Dec. 31, 2018 Assets: Cash $ 680 Accounts receivable 845 Inventory 855 Prepaid insurance Plant and equipment 3,500 Less: Accumulated depreciation (1,220) Total assets $ 4,820 Liabilities and shareholders' Equity Accounts payable $ 395 Payables for administrative and other expenses 395 Incone taxes payable 375 Note payable (due 12/31/2019) 1,220 Common stock 1,160 Retained earnings 1,275 Total liabilities and shareholders' equity $ 4,820 10,480 6,020 2.408 $ 3,612 Dec. 31, 2017 $ 390 1,020 790 50 2,750 (290) $ 4,210 160 $ 550 590 340 900 990 840 $ 4,210 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.)