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 (2008) Revenues: Sales Cost of goods sold Gross Profit Expenses: Other expenses $ 650 Depreciation expense 240 Total expenses Loss $ 3,310 2,620 690 890 $ 200 hs Lock & Key Inc. Post-Closing Trial Balance (2005) December 31 Account 2020 2019 Cash $ 2,260 $ 1,270 Receivables 2,100 1,450 Merchandise inventory 2,050 2,380 Property, plant and equipment 3,730 3,970 Accumulated depreciation 1,450 1,390 Lock & Key Inc. Post-Closing Trial Balance (2008) December 31 Account 2020 2019 Cash $ 2,260 $ 1,270 Receivables 2,100 1,450 Merchandise inventory 2,050 2,380 Property, plant and equipment 3,730 3,970 Accumulated depreciation 1,450 1,390 Accounts payable 1,450 1,090 Accrued liabilities 240 360 Bonds payable 1,760 1,900 Common shares 3,094 1,950 Retained earnings 2,146 2,380 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 as negative amounts. Enter amounts in thousands, not in dollar.) BB CE Help 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: Cash flows from investing activities: + Cash flows from financing activities: Cash flows from investing activities: Cash flows from financing activities