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 Statement For Year Ended December 31, 2020 Revenues: Sales (0005) Cost of goods sold Gross Profit Expenses: Other expenses Depreciation expense Total operating expenses Profit from operations Income tax expense Profit $3,824 1,576 2,248 $840 120 960 1,288 288 $1,000 Paddleboard Inc. Post-Closing Trial Balance (0005) December 31 Account Cash 2020 2019 $3,280 $1,880 Receivables 2,830 2,120 Merchandise inventory 2,600 3,170 Property, plant and 3,080 2,760 equipment Accumulated depreciation 1,960 1,840 2,120 2,280 1,960 1,480 320 480 2,630 2,800 3,080 2,530 3,960 3,080 Investments Accounts payable Accrued liabilities Bonds payable Common shares Retained earnings Other information regarding Paddleboard Inc. and its activities during 2020: 1. Assume all accounts have normal balances. 2. 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 Chousands, not in dollar.)