account options

• Loss
• Profit
• Cash at beginning of year
• Cash at end of year
• Decrease in accounts payable
• Decrease in accrued liabilities
• Decrease in merchandise inventory
• Decrease in receivables
• Depreciation expense
• Increase in accounts payable
• Increase in accrued liabilities
• Increase in merchandise inventory
• Increase in receivables
• Payment for purchase of property, plant and equipment
• Payment of cash dividends
• Payment to retire bonds payable
• Property, plant and equipment
• Receipt from issuing common shares
• Receipt from sale of investment

• Net cash inflow from operating activities
• Net cash outflow from operating activities

• Net cash inflow from financing activities
• Net cash outflow from financing activities

• Net cash inflow from investing activities
• Net cash outflow from investing activities

• Net decrease in cash
• Net increase in cash

Paddleboard Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019 and 2020, is shown below along with some other information. Paddleboard Inc. Income Statement For Year Ended December 31, 2020 (0005) Revenues : Sales $ 3, 854 Cost of goods sold 1, 806 Gross Profit 2, 048 Expenses : Other expenses $ 700 Depreciation expense 80 Total operating expenses 780 Profit from operations 1, 268 Income tax expense 608 Profit $ 660Paddleboard Inc. Post-Closing Trial Balance (0005) December 31 Account 2020 2019 Cash $2, 480 $1, 800 Receivables 2,760 2,040 Merchandise inventory 2,520 3,000 Property, plant and equipment 3,000 2, 680 Accumulated depreciation 1, 880 1, 800 Investments 2,040 2, 200 Accounts payable 1, 880 1, 400 Accrued liabilities 320 480 Bonds payable 1, 840 2,360 Common shares 3,000 2,430 Retained earnings 3,880 3, 250 Other information regarding Paddleboard Inc. and its activities during 2020: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. There were no sales of property, plant, and equipment assets during the year. 4. Investments were sold for cash at their original cost.Required: Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31, 2020. (List any deduction in cash and cash outflows as negative amounts. Enter amounts in thousands, not in dollar.) PADDLEBOARD INC. Statement of Cash Flows For Year Ended December 31, 2020 (000s) Cash flows from operating activities: Adjustments to reconcile net income to net cash inflows from operating activities: $ 0 Cash flows from investing activities: