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. Income Statement For Year Ended December 31, 2020 ( 0) Revenues : Sales Cost of goods sold Gross Profit Expenses: Other expenses $550 Depreciation expense 24 Total expenses Loss $ 3.20 2.720 Lock & Key Inc. Post-Closing Trial Balance (2005) December 31 2020 2019 Cash $ 2.060 $ 1.250 Receivables 2.000 Merchandise inventory 2. 3 2.220 Property, plant and equipment 3.710 3,950 Accumulated depreciation 1.370 Accounts payable 1. Accrued liabilities 240 360 Bonds payable 1.50 Common shares 3.074 1.10 Retained earnings 2.126 2.45 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. (List any deduction in cash and cash outflows and loss os negative amounts. Enter amounts in thousands, not in dollar) "equired: 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 and loss as negative amounts. Enter amounts in thousands, not in dollar.) LOCK & KEY INC. Statement of Cash Flows For Year Ended December 31, 2020 (000s) Cash flows from operating activities Adjustments to reconcile profit to net cash inflows from operating activities: IIIIII Cash flows from investing activities Cash flows from Sinan