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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 (000) Revenues Sales Cost of goods sold Gross Profit Expenses other expenses Depreciation expense Total operating expenses Profit from operations Income tax expense Profit $ 3,884 1,556 2,245 Paddleboard Inc. Post-Closing Trial Balance Account Cash Receivables Merchandise Inventory Property, plant and equipment Accumulated depreciation Investments Accounts payable Accrued liabilities Bonds payable common shares Retained earnings December 31 2019 $3,000 $1, 2.510 2. 3.00 2,740 1.940 1.340 2.100 2 1.60 2.410 3.co 2.00 2.67 3 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 equ oment assets during the year 4. Investments were sold for cash at the 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 Cashows from neng activities Cash flows from Shanding activities

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