Additional information from the accounting records:

1. A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000.
2. The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment.
3. Property was acquired by issuing a 11%, seven-year, $15,000 note payable to the seller.
4. New equipment was purchased for $17,000 cash.
5. On January 1, 2021, bonds were sold at their $25,000 face value.
6. 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.
7. Cash dividends of $15,000 were paid to shareholders.
8. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000.

Required:

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.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)

Net cash flows from investing activities 5 Cash flows from financing activities: oints eBook Print References Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities:Wk 4 - Apply: Homework [due day 7] i Saved 3 Cash outflows: 25 points eBook Net cash flows from operating activities Print Cash flows from investing activities: References Net cash flows from investing activities Cash flows from financing activities:inal_browser=0&launchUrl=https9%253A ply: Homework [due day 7] Saved f. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value con share at that time. g. Cash dividends of $15,000 were paid to shareholders. h. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021. Present cash activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thous be entered as 10). Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities. Cash inflows: Cash outflowsConnect X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoeni. ly: Homework [due day 7] Saved Help 5 $ 432 $ 379 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 220 Dividend revenue 5 $ 225 Expenses Cost of goods sold 130 Salaries expense 29 Depreciation expense 5 Bad debt expense 1 Interest expense Loss on sale of building 3 Income tax expense 14 189 Net income $ 36 Additional information from the accounting records: a. A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000. 6. The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment. c Property was acquired by issuing a 11%, seven-year, $15,000 note payable to the seller. New equipment was purchased for $17,000 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 pe share at that time. g. Cash dividends of $15.000 were paid to shareholders.Connect X A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser= k 4 - Apply: Homework [due day 7] Saved DUX COMPANY 3 Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash $ 65 22 Accounts receivable 33 52 Less: Allowance for uncollectible accounts (4) (3) Ints Dividends receivable 5 4 Inventory 45 40 Long-term investment 18 14 Land 65 50 ebook Buildings and equipment 259 270 Less: Accumulated depreciation 54) (70) Print $ 432 $ 379 References Liabilities Accounts payable 21 23 Salaries payable 2 5 Interest payable 7 4 Income tax payable 6 7 Notes payable 15 Bonds payable 105 80 Less: Discount on bonds Shareholders' Equity (2) (3) Common stock 210 200 Paid-in capital-excess of par 24 20 Retained earnings 50 43 Less: Treasury stock (6) $ 432 5 379 DUX COMPANY