4 points eBook Print The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) References 2021 2020 Assets Cash $ 72 $ 26 Accounts receivable. Less: Allowance for uncollectible accounts 27 50 (3) (2) Dividends receivable Inventory Long term investment Land Buildings and equipment 4 3 35 30 17 12 55 45 252 260 Less: Accumulated depreciation (46) (60) $413 $ 364 Liabilities Accounts payable $ 14 $ 18 Salaries payable. 1 4 Interest payable 5 3 Income tax payable. 5 6 Notes payable 10 0 Bonds payable 100 75 Less: Discount on bonds (1) (2) Shareholders' Equity Common stock 210 200 4 4 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock points ellook Print References DUX COMPANY Income Statement For the Year Ended December 31, 2021 Revenues Sales revenue (3 in thousands) Dividend revenue Expenses Cost of goods sold 5.210 4 $214 125 Salaries expense 27 Depreciation expense 4 Bad debt expense 1 Interest expense Loss on sale of building Income tax expense 12 176 $ 38 Net income Check my wa (1) (2) 210 200 24 50 888 (55) 0 $415 3364 Additional information from the accounting records: a. A building that originally cost $24,000, and which was three-fourths depreciated, was sold for $5,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment c. Property was acquired by issuing a 10%, seven-year, $10,000 note payable to the seller. d. New equipment was purchased for $16.000 cash. Next 4 Saved Help Save & Exit Submit Check my work 4 points Mc Print References Additional information from the accounting records a. A building that originally cost $24,000, and which was three-fourths depreciated, was sold for $5.000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing a 10%, seven-year, $10,000 note payable to the seller. d. New equipment was purchased for $16,000 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. h. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $5,000 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 (ie., 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 ended December 31, 2021 (5 in thousands) Cash flows from operating activities: Cash inflows From customers From dividends received Pray 4.of.A Next> 4 4 points alloos DUX COMPANY Statement of Cash Flows For the year ended December 31, 2021 (5 in thousands) Cash flows from operating activities: Cash inflows From customers From dividends received Prim References Cash outflows To suppliers of goods To employees Mc For interest For income taxes Net cash flows from operating activites Cash flows from investing activities Sale of bonds payable Payment of dividends Purchase of treasury stock $ 0 Prev 4 of 4 Next > Check my work + HW9- Chapter 21 4 4 points /index.html?.conscon&external browser=0&launchUrl=https%253A%252F Saved Net cash flows from operating activities Cash flows from investing activities Sale of bonds payable Payment of dividends Purchase of treasury stock eBook Print References Net cash flows from investing activities Cash flows from financing activities: Sale of bonds payable Payment of dividends Purchase of treasury stock Net cash flows from financing activities Net increase (decrease) in cash $ 0 0 0 Cash balance, January 1 Cash balance, December 31 S 0 Noncash investing and financing activities: Acquired land A 16 Help Save & Exit Submit Check my work