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The comparative balance sheets for 2 0 2 4 and 2 0 2 3 and the statement of income for 2 0 2 4 are
The comparative balance sheets for and and the statement of income for are given below for Dux Company. Additional information from Dux's accounting records is provided also.DUX COMPANYComparative Balance SheetsDecember and $ in thousandsAssets Cash$ $ Accounts receivableLess: Allowance for uncollectible accountsDividends receivableInventoryLongterm investmentLandBuildings and equipmentLess: Accumulated depreciation $ $ Liabilities Accounts payable$ $ Salaries payableInterest payableIncome tax payableNotes payableBonds payableLess: Discount on bondsShareholders Equity Common stockPaidin capitalexcess of parRetained earningsLess: Treasury stock $ $ DUX COMPANYIncome StatementFor the Year Ended December $ in thousandsRevenues Sales revenue$ Dividend revenue$ Expenses Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expenseNet income $ Additional information from the accounting records:A building that originally cost $ and which was threefourths depreciated, was sold for $The common stock of Byrd Corporation was purchased for $ as a longterm investment.Property was acquired by issuing a sevenyear, $ note payable to the seller.New equipment was purchased for $ cash.On January bonds were sold at their $ face value.On January Dux issued a stock dividend shares The market price of the $ par value common stock was $ per share at that time.Cash dividends of $ were paid to shareholders.On November shares of common stock were repurchased as treasury stock at a cost of $ Required:Prepare the statement of cash flows for Dux Company using the indirect method.Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands ie should be entered as
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