Paddleboard 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. Paddleboard Inc.Income StatementFor Year Ended December $31,2020(000$s$)$Revenues:$$Sales$$$$3,804$ Cost of goods sold$1,556$ Gross Profit$2,248$ Expenses:$$Other expenses$$860$Depreciation expense $100$Total operating expenses$960$ Profit from operations$1,288$ Income tax expense$288$ Profit$$$$1,000$ Paddleboard Inc.Post$-$Closing Trial Balance$(000$s$)$ December $31$Account$20202019$Cash$$3,080$$$1,860$Receivables$2,8102,100$Merchandise inventory$2,5803,150$Property, plant and equipment$3,0602,740$Accumulated depreciation$1,9401,840$Investments$2,1002,260$Accounts payable$1,9401,460$Accrued liabilities$320480$Bonds payable$2,4302,600$Common shares$3,0602,670$Retained earnings$3,9403,060$Other information regarding Paddleboard Inc. and its activities during $2020$: Assume all accounts have normal balances.Cash dividends were declared and paid during the year.There were no sales of property, plant, and equipment assets during the year.Investments were sold for cash at their original cost.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 as negative amounts. Enter amounts in thousands, not in dollar.$)$