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Business, 30.10.2019 00:31 tiap1011

Presented below is the 2018 income statement and comparative balance sheet information for tiger enterprises. tiger enterprisesincome statementfor the year ended december 31, 2018($ in thousands)sales revenue $ 15,000 operating expenses: cost of goods sold $ 5,000 depreciation 400 insurance 900 administrative and other 3,400 total operating expenses 9,700 income before income taxes 5,300 income tax expense 2,120 net income $ 3,180 balance sheet information ($ in thousands) dec. 31,2018 dec. 31, 2017assets: cash $ 620 $ 360 accounts receivable 830 990 inventory 810 760 prepaid insurance 130 35 plant and equipment 3,200 2,600 less: accumulated depreciation (1,160 ) (760 ) total assets $ 4,430 $ 3,985 liabilities and shareholders' equity: accounts payable $ 380 $ 520 payables for administrative and other expenses 380 560 income taxes payable 360 310 note payable (due 12/31/2019) 1,380 950 common stock 1,100 960 retained earnings 830 685 total liabilities and shareholders' equity $ 4,430 $ 3,985 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 sign.)i need with the sections that have a question mark. i think i got everything else but am having trouble filling in the gaps. tiger enterprisesstatement of cash flowsfor the year ended december 31, 2018($ in thousands)cash flows from operating activities net income $3,180 adjustments for noncash effects depreciation expense (400) changes in operating assets and liabilities increase in prepaid insurance 95 decrease in accounts receivable (160) increase in inventory 50 decrease in accounts payable 140 decrease in administrative and other payables 180 increase in income taxes payablenet cash flows from operating activities cash flows from investing activities purchase of plant and equipment cash flows from financing activities proceeds from issuance of common stock 140 proceeds from note payable 430 payment of dividends (3,035) net cash flows from financing activities ? ? net increase in cash , january 1 360cash, december 31 $

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