(Solved): Presented below is the 2024 income statement and comparative balance sheet information for Tiger E ...

Presented below is the 2024 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2024 (\$ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information (\$ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for general \& administrative expense) Income taxes payable Notes payable (due $12/31/2025$ ) Common stock Retained earnings Total liabilities and shareholders' equity \begin{tabular}{rr} 605 & 495 \\ \hline$\$3,390$ & $\$3,075$ \\ \hline \hline \end{tabular} 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). Note: Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.