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				$	3,170
Cost of goods sold					2,910
Gross Profit					260
Expenses:
Other expenses	$	550
Depreciation expense		240
Total expenses					790
Loss				$	530

Lock & Key Inc.
Post-Closing Trial Balance
(000s)
	December 31
Account	2023			2022
Cash	$	1,760		$	1,220
Receivables		2,060			1,400
Merchandise inventory		2,000			2,240
Property, plant and equipment		3,680			3,920
Accumulated depreciation		1,400			1,340
Accounts payable		1,400			1,040
Accrued liabilities		240			360
Bonds payable		1,320			1,760
Common shares		3,044			1,610
Retained earnings		2,096			2,670

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

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, 2023. (List any deduction in cash and cash outflows and loss as negative amounts. Enter amounts in thousands, not in dollar.)