Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. $ 7,420 310 5,780 1,640 (670) $ 970 Dec. 31, 2020 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue Operating expenses : Cost of goods sold $3,430 Depreciation expense Insurance expense 170 General and administrative expense 1,870 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information is in thousands) Dec. 31, 2021 Assets Canh 370 Recounts receivable 820 Inventory 710 Prepaid insurance Equipient Loss: Accumulated depreciation (980) Total assets $ 3,455 Liabilities and Shareholders' Equity Accounts payable 370 Accrued liabilities for general administrative expense Income taxes payable 270 Notes payable du 12/31/2022) 870 Common stock Retained earnings 605 Total liabilities and shareholders equity 270 900 670 85 2.50 2.150 (670) 53.375 430 470 220 670 $3,375 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Net cash flows from operating activities