These are 2 separate questions, first one is Paddleboard INC. and the second one is Sunny Technology. Please answer serparately.

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.

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.
3. There were no sales of property, plant, and equipment assets during the year.
4. 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.)

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 (000s) Revenues : Sales Cost of goods sold Gross Profit Expenses: Other expenses $ 880 Depreciation expense 80 Total operating expenses Profit from operations Income tax expense Profit $3,784 1,536 2,248 960 1,288 288 $1,000 Paddleboard Inc. Post-Closing Trial Balance (000s) December 31 Account 2020 2019 Cash $2,880 $1,840 Receivables 2,800 2,080 Merchandise inventory 2,560 3,040 Property, plant and equipment 3,040 2,720 Accumulated depreciation 1,920 1,840 Investments 2,080 2,240 Accounts payable 1,920 1,440 Accrued liabilities 320 480 Bonds payable 2,240 2,400 Common shares 3,040 2,720 Retained earnings 3,920 3,040 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. 3. There were no sales of property, plant, and equipment assets during the year. 4. 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.) PADDLEBOARD INC. Statement of Cash Flows For Year Ended December 31, 2020 (000s) Cash flows from operating activities: Adjustments to reconcile net income to net cash inflows from operating activities: $ 0 Cash flows from investing activities: 0 Cash flows from financing activities: 0 $ 0 Sunny Technologies 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. $ 627,200 483,200 144,000 Sunny Technologies Inc. Income Statement For Year Ended December 31, 2020 Revenues : Sales Cost of goods sold Gross Profit Expenses and other: Other expenses $ 155, 200 Depreciation expense 25,600 Total operating expenses Operating Profit (Loss) Loss on sales of plant assets Profit (Loss) 180,800 (36,800) 20,800 $ (57,600) Sunny Technologies Inc. Post-closing Trial Balance December 31 Account 2020 2019 Cash $ 62,400 $ 76,800 Receivables 41,600 30,400 Merchandise inventory 27,200 35, 200 Property, plant and equipment 230,400 190,400 Accumulated depreciation 64,000 52,800 Accounts payable 49,600 62,400 Accrued liabilities 11,200 6,400 Notes payable 97,600 40,000 Common shares 49,600 8,000 Retained earnings 89,600 163,200 Other information regarding Sunny and its activities during 2020: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. 4. Plant assets worth $99,200 were purchased during the year by paying cash of $32,000 and issuing a long-term note payable for the balance. Other information: a. All accounts payable balances result from merchandise purchases. b. All sales are credit sales. c. All credits to accounts receivable are receipts from customers. d. All debits to accounts payable result from payments for merchandise. e. All debits and credits to accrued liabilities result from other expenses. Required: Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activities. (List any deduction in cash and cash outflows and loss as negative amounts.) SUNNY TECHNOLOGIES INC. Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities: $ 0 Cash flows from investing activities: 0 Cash flows from financing activities: $