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Additional information from the accounting records: A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000. The common stock of
Additional information from the accounting records:
- A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.
- The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.
- Property was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller.
- New equipment was purchased for $15,000 cash.
- On January 1, 2024, bonds were sold at their $25,000 face value.
- 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.
- Cash dividends of $13,000 were paid to shareholders.
- On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $8,000.
Required:
Prepare the statement of cash flows of Dux Company for the year ended December 31, 2024. Present cash flows from operating activities by the direct method.
Note: 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.
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