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 StatementFor Year Ended December 31, 2023(000s)Revenues: Sales $3,380 Cost of goods sold 2,780 Gross Profit 600 Expenses: Other expenses$580 Depreciation expense 240 Total expenses 820 Loss $220

Lock & Key Inc.Post-Closing Trial Balance(000s) December 31Account20232022Cash$2,960 $1,340 Receivables 2,170 1,520 Merchandise inventory 2,120 2,450 Property, plant and equipment 3,800 4,040 Accumulated depreciation 1,520 1,460 Accounts payable 1,520 1,160 Accrued liabilities 240 360 Bonds payable 2,390 2,600 Common shares 3,164 1,230 Retained earnings 2,216 2,540

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.)

please provide me with all the detailed answers with explanations Thank you in advance