Presented below is the year $2$ income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISES Income Statement For the Year Ended December $31,$ year $2($$ in thousands$)$

$\backslash$table$[[$Sales revenue,,$$7,100],[$Operating expenses:$],[$Cost of goods sold,$$3,048,],[$Depreciation$,260,],[$Insurance$,130,],[$Administrative and other,$1,820,],[$Total operating expenses,,$5,258],[$Income before income taxes,,$1,842],[$Income tax expense,,$593],[$Net income,,$$1,249]]$TIGER ENTERPRISES

Comparative Balance Sheet

As of December $31,$ year $2$ and year $1$

$($$ in thousands$)$

$\backslash$table$[[12/31/$year $2,12/31/$year $1],[$Assets$],[$Cash$,$$ $494,$$ $240],[$Accounts receivable,$741,820],[$Inventory$,576,540],[$Prepaid insurance,$60,24],[$Plant and equipment,$1,953,1,760],[$Less: Accumulated depreciation,$(840),(580)],[$Total assets,$$2,984,$$$2,804],[$Liabilities and Shareholders' Equity:$],[$Accounts payable,$ $342,$$ $410],[$Payables for administrative and other expenses,$285,380],[$Income taxes payable,$160,120],[$Note payable $($due $12/31/$year $3),920,690],[$Common stock,$1,013,900],[$Retained earnings,$264,304],[$Total liabilities and shareholders' equity,$$2,984,$$$2,804]]$

Required:

Prepare the cash flows from operating activities section of Tiger's year $2$ 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.