Lock & Key Inc. began operations on January 1, 2016. Its post-closing trial balance at December 31, 2016 and 2017, is shown below along with some other information. Lock & Key Inc. Income Statement For Year Ended December 31, 2017 (000s) Revenues: Sales Cost of goods sold $3,260 2,880 380 Gross Profit Expenses Other expenses Depreciation expense $740 Total expenses 980 Loss $600 Lock & Key Inc. Post-Closing Trial Balance (000s) December 31 Account Cash 2016 $1,460 $1,190 1,370 2,210 3,890 1,310 1,010 360 1,730 1,550 2,066 2,700 2017 Merchandise inventory Property, plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Common shares Retained earnings 2,030 1,970 3,650 1,370 1,370 240 1,050 3,014 Other information regarding Lock & Key Inc. and its activities during 2017 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, 2017. ((List any deduction in cash and cas not in dollar.) LOCK & KEY INC. Statement of Cash Flows For Year Ended December 31, 2017 (000s) Cash flows from operating activities: Loss (600) Adjustments to reconcile profit to net cash inflows from operating activities Depreciation expense 240 (360) Cash flows from investing activities: Cash flows from financing activities: 0) 0