21 3 Comparative Balance Sheets December 31, 2021 and 2020 (5 in thousands) 2821 2020 $ 35 (4) (3) Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation 256848 ped 40 6e 380 (90) 5481 291 (62) $ 563 & ok 541 int $ 23 4 5 8 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Pald-in capital-excess of par Retained earnings Less: Treasury stock 9 5 30 120 (5) 95 (6) ences 210 24 137 10 $ 563 200 20 82 e 5481 DUX COMPANY Income Statement For the Year Ended December 31, 2021 (5 in thousands) Revenues Sales revenue $ 350 Dividend revenue 5 $ 355 Expenses Cost of goods sold 195 Salaries expense 28 Depreciation expense 8 Bad debt expense 1 Interest expense 10 Loss on sale of building 3 Income tax expense 27 272 Net income $ 83 Additional Information from the accounting records Additional information from the accounting records a. A building that originally cost $48,000, and which was three-fourths depreciated was sold for $9,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c Property was acquired by issuing a 12%, seven-year $30,000 note payable to the seller. d. New equipment was purchased for $39,000 cash. e. On January 1, 2021, bonds were sold at their $25,000 face value. 1. 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 $14,000 were paid to shareholders. n On November 12, 1000 shares of common stock were repurchased as treasury stock at a cost of $10,000. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i... 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows For the year anded December 31, 2021 15 in thousands) Cash flows from operating activities Cash inflows: Cosh outflows Net cash down from operating activities Cash flows from westing activities $ 0 Pro Cash outflows: Net cash flows from operating activities Cash flows from investing activities: S 0 Net cash flows from investing activities Cash flows from financing activities: 0 0 Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: $ 0