Lock & Key Inc. began operations on January 1, 2022. Its post-closing trial balance at December 31, 2022 and 2023, is shown below along with some other information.

Lock & Key Inc.
Income Statement
For Year Ended December 31, 2023
(000s)
Revenues:
Sales				$	3,410
Cost of goods sold					2,850
Gross Profit					560
Expenses:
Other expenses	$	900
Depreciation expense		240
Total expenses					1,140
Loss				$	580

Lock & Key Inc.
Post-Closing Trial Balance
(000s)
	December 31
Account	2023			2022
Cash	$	1,300		$	1,160
Receivables		2,000			1,340
Merchandise inventory		1,940			2,180
Property, plant and equipment		3,620			3,860
Accumulated depreciation		1,340			1,280
Accounts payable		1,340			890
Accrued liabilities		240			360
Bonds payable		920			1,700
Common shares		2,984			1,640
Retained earnings		2,036			2,670

Other information regarding Lock & Key Inc. and its activities during 2023:

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.

Required: Using the information provided, prepare a statement of cash flows (applying the indirect method) for the year ended December 31, 2023. (List any deduction in cash and cash outflows and loss as negative amounts. Enter amounts in thousands, not in dollar.)