2. value: 5.00 points Problem 21-16 Statement of cash flows, indirect method [LO21-4, 21-8] The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s) 2015 $ 2016 45 50 $ 59 Assets Cash Accounts receivable Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation 27 91 219 (31) 16 46 262 (62) $ 474 $ 407 $ 19 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capitalexcess of par Retained earnings Less: Treasury stock motorcom 216 30 52 (14) $ 474 $ 407 DUX COMPANY Income Statement For Year Ended December 31, 2016 ($ in 000s) Revenues Sales revenue $ 255 Dividend revenue 5 $ 260 Expenses Cost of goods sold Salaries expense Depreciation expense Interest expense Loss on sale of building Income tax expense 216 Net income $ 44 Additional information from the accounting records: a. A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $11,000. b. The common stock of Byrd Corporation was purchased for $11,000 as a long-term investment. C. Property was acquired by issuing a 12%, seven-year, $45,000 note payable to the seller. d. New equipment was purchased for $21,000 cash. e. On January 1, 2016, $31,000 of bonds were sold at face value. f. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time. g. Cash dividends of $31,000 were paid to shareholders. h. On November 28,000 shares of common stock were repurchased as treasury stock at a cost of $14,000. Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)) DUX COMPANY Statement of Cash Flows For year ended December 31, 2016 ($ in 000s) Adjustments for noncash effects: Changes in operating assets and liabilities: Cash balance, January 1