7 The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (in 000) 2018 2017 Assets Cash Accounts receivable Lasst Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Les Accumulated depreciation $ 55 55 (4) 4 77 37 121 214 $31 69 (3) 2 61 21 272 (22) 9523 Liabilities Accounts payable salaries payable Interest payable Income tax payable Notes payable Bonde payable Les Discount on bonde Shareholders' equity Comon stock Paid-in capital-excess of par Retained earnings Less: Treasury stock 6 18 58 117 (13) $ 42 7 3 21 0 81 (25) 221 37 70 211 31 23 0 $ 444 5523 7 DUX COMPANY Income statement Yor Year Ended December 31, 2018 is in 2003) Revenues Sales revenue $300 Dividend revenue 5 $305 Expenses Cost of goods sold 131 Salario expense 36 Depreciation expense 27 Bad debt expense 1 Interest expense 19 Loss on sale of building 4 Income tax expense 28 246 Net income $ 59 Additional information from the accounting records: a. A building that originally cost $84,000, and which was three-fourths depreciated, was sold for $17,000. b. The common stock of Byrd Corporation was purchased for $16,000 as a long-term investment. c. Property was acquired by issuing a 14%, seven-year, $58,000 note payable to the seller. d. New equipment was purchased for $26,000 cash. e. On January 1, 2018, bonds were sold at their $36,000 face value. 1. On January 19, Dux issued a 4% stock dividend (1,000 shares). The market price of the $10 par value common stock was $16 per share at that time. g. Cash dividends of $46,000 were paid to shareholders. h. On November 38,000 shares of common stock were repurchased as treasury stock at a cost of $19,000. Required: Prepare the statement of cash flows for Dux Company using the Indirect method. (Do not round intermediate calculations. Amoun to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).) DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Adjustments for noncash effects: Changes in operating assets and liabilities: $ 0 $ 0 0 0 Cash balance, January 1 $ 0 Noncash investing and financing activities