(5) 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) 2021 2020 Assets Cash $ 107 $ 47 Accounts receivable 51 69 Less: Allowance for uncollectible accounts Dividends receivable 4 3 Inventory 85 80 Long-term investment 51 44 Land 85 70 Buildings and equipment 195 21e Less: Accunulated depreciation (80) $ 528 $ 438 Liabilities Accounts payable $ 4e $ 59 Salaries payable 3 6 Interest payable 9 3 Income tax payable 9 1e Notes payable 15 Bonds payable se 55 Less: Discount on bonds (2) (3) Shareholders' Equity Connon stock 280 Paid-in capital-excess of par 24 2e Retained earnings 89 Less: Treasury stock (12) $ 528 $ 438 (44) 5 210 *** 01:11 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 370 Dividend revenue 4 $ 374 Expenses Cost of goods sold 2es Salaries expense 32 Depreciation expense 6 Bad debt expense Interest expense 9 Loss on sale of building 2. Income tax expense 29 284 Net income $ 90 Additional Information from the accounting records: a. A building that originally cost $56.000, and which was three-fourths depreciated, was sold for $12,000. b. The common stock of Byrd Corporation was purchased for $7,000 as a long-term Investment. c. Property was acquired by Issuing a 15%, seven-year, $15.000 note payable to the seller. d. New equipment was purchased for $41,000 cash. e On January 1, 2021, bonds were sold at their $25.000 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 $12,000 were paid to shareholders. h On November 12, 1.000 shares of common stock were repurchased as treasury stock at a cost of $12,000. 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 (Le.. 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cach Flow For the year anded December 31, 2021 18 In thousands Cash flows from operating activities Cash Infos From customers From dividends received Cash outlows: To suppliers of goods To employees For interest For income taxes S O Net cash flows from operating acties Cash flows from investing advies: Sale of building Purchase of upment Purchase of long term investment Net cash flows from vesting activities Cash flows from financing ati Sale of bonds payable Payment of dividends Purchase of treasury stock 0 Net cash flows from francing acces Not increase (decrease in cash Cash balance, Jeuery1 Cash balance, December 31 No cash investing and financing activities Purchase of long-term investment S 0