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, 2018 ($ in thousands) $10,000 Sales revenue Operating expenses: $4,000 300 400 2,400 Cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net income 7,100 2,900 1,160 $ 1,740 Dec. 31,2018 Dec. 31, 2017 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment $ 420 780 730 110 2,700 (960 $3,780 $260 890 660 50 2,100 660 Less: Accumulated depreciation Total assets $ 3,300 Liabilities and Shareholders' Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2019) Common stock Retained earnings $ 330 330 230 1,160 1,020 710 $ 420 460 210 900 860 450 Total liabilities and shareholders' equity $3,780 $ 3,300 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

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