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 (000s) Revenues : Sales Cost of goods sold Gross Profit Expenses: Other expenses $ 560 Depreciation expense 240 Total expenses LOSS $3,400 2,990 410 800 $ 390 Lock & Rey Inc. Post-closing Trial Balance (000s) December 31 Account 2020 2019 Cash $ 3, 160 $ 1,360 Receivables 2,190 1,540 Merchandise inventory 2,140 2,470 Property, plant and equipment 3,820 4,060 Accumulated depreciation 1,540 1,480 Accounts payable 1, 540 1,180 Accrued liabilities 240 360 Bonds payable 3,080 3,200 Common shares 2,674 560 Retained earnings 2,236 2,650 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: 0 Cash flows from financing activities: 0 $ 0