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 $ 3,260 Cost of goods sold 2,890 Gross Profit 370 Expenses: Other expenses $ 720 Depreciation expense 240 Total expenses 960 Loss $ 590 Lock & Key Inc. Post-Closing Trial Balance (000s) December 31 Account 2020 2019 Cash $ 1,560 $ 1,200 Receivables 2,040 1,380 Merchandise inventory 1,980 2,220 Property, plant and equipment 3,660 3,900 Accumulated depreciation 1,380 1,320 Accounts payable 1,380 1,020 Accrued liabilities 240 360 Bonds payable 1,140 1,740 Common shares 3,024 1,570 Retained earnings 2,076 2,690 Other information regarding Lock & Key Inc. and its activities during 2020: Assume all accounts have normal balances. Cash dividends were declared and paid during the year. Equipment was sold for cash equal to its book value. Other information: All accounts payable balances result from merchandise purchases. All sales are credit sales. All credits to accounts receivable are receipts from customers. All debits to accounts payable result from payments for merchandise. All other expenses are cash expenses. Required: Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activities. cash flow statement with direct method.