need to be solved in 40mins or less

Lock & Key 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 Lock & key Inc. Income Statement For Year Ended December 31, 2020 (ees) Revenues: Sales Cost of goods sold Gross Profit Expenses: Other expenses $ 580 Depreciation expense 240 Total expenses Loss $ 3,380 2,789 600 820 220 Lock & Key Inc. Post-Closing Trial Balance (ees) December 31 Account 2020 2019 Cash $ 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 2020: 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, 2020. (List any deduction in cash and cash outflows and loss as negative amounts. Enter amounts in thousands, not in dollar.) LOCK & KEY INC. Statement of Cash Flows For Year Ended December 31, 2020 (000s) Cash flows from operating activities: Adjustments to reconcile profit to net cash inflows from operating activities: Cash flows from investing activities: (000s) Cash flows from operating activities: Adjustments to reconcile profit to net cash inflows from operating activities: Cash flows from investing activities: Cash flows from financing activities