Cash flow statement. I need help with this question I'm having troubles calculating the proceeds from sale of equipment and cash flows from financing activities.

es are cash expenses. Problem 16-9A Preparing the statement of cash flows (indirect method) LO5, 6 260 CHECK FIGURE: Net cash inflows from financing activities = $900 (thousand) Lock & Key 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. Lock & Key Inc. 180 Income Statement Lock & Key Inc. For Year Ended December 31, 2020 (000s) Post-Closing Trial Balance (000s) Revenues: December 31 Sales....... Account 2020 2019 Cost of goods sold .. 3,300 Cash...... $2, 160 $1,260 Gross profit ........ 2,520 Receivables . 2, 100 1,440 Expenses: 780 Merchandise inventory ...... 2,040 2,280 Other expenses...... Property, plant, and equipment...... 3,720 3,960 660 Depreciation expense ..................... Accumulated depreciation ....... 1,440 1,380 240 Total expenses ...... Accounts payable 1,440 1,080 900 Loss ...... Accrued liabilities ...... 240 360 $ 120 Bonds payable 1,680 1,800 Common shares ..... 3,084 2,040 Retained earnings ........... 2, 136 2,280 Other information regarding Lock & Key Inc. and its activities during 2020: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Equipment was sold for cash equal to its book value. Required Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31, 2020. Analysis Component: Assume that the investing activities section of the statement of cash flows showed a net cash outflow of $14 (thousand). What could this represent? Is a net cash outflow from investing activities favourable? Explain