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Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises.

TIGER ENTERPRISES
Income Statement
For the Year Ended December 31, 2021
($ in thousands)
Sales revenue								$	7,240
Operating expenses:
Cost of goods sold		$	3,400
Depreciation expense			280
Insurance expense			140
General and administrative expense			1,840
Total operating expenses									5,660
Income before income taxes									1,580
Income tax expense									(640	)
Net income								$	940
Balance Sheet Information ($ in thousands)	Dec. 31,2021						Dec. 31, 2020
Assets:
Cash		$	340					$	240
Accounts receivable			790						870
Inventory			680						640
Prepaid insurance			70						40
Equipment			2,300						2,000
Less: Accumulated depreciation			(920	)					(640	)
Total assets		$	3,260					$	3,150
Liabilities and Shareholders' Equity:
Accounts payable		$	340					$	400
Accrued liabilities (for general & administrative expense)			340						440
Income taxes payable			240						190
Notes payable (due 12/31/2022)			840						640
Common stock			940						840
Retained earnings			560						640
Total liabilities and shareholders' equity		$	3,260					$	3,150

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:
Cash received from customersselected answer correct	7,320
Cash paid for merchandiseselected answer correct
Cash paid for general and administrative expenseselected answer correct	t
Cash paid for insuranceselected answer correct
Cash paid for income taxesselected answer correct
not attempted
Net cash flows from operating activities