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Lock \& Key Inc: began operations on January 1, 2022. Its post-closing trial balance at...

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Accounting

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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. Other information regardang Lock \& Key inci and its activities dunng 2023 1. Assurme all accounts have normal balances 2. Cash dwatends were dectared and paid during the year. 3. Equipment was sold for cash equal to its book value. Pequired: 2023 (Met any deduction lin cash ond cosh outhows ond loss os negotive omounts. Enter emounts in thousends, not in doliar) 3. Equipmerit was soid iur casi equar to is nouk 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 outhlows and loss as negative omounts. Enter emounts In thousands, not in dollar.)

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