Check my work 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 2e2e (5 in thousands) 2021 2020 Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation $ 63.0 $ 25.0 53.0 55. (4.0) (3.0 8. 7. 60.0 55.0 2e. 15.e 75.e 40. 2e5. 255.0 (16.0) (75.0 $464.0 5374.0 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds $ 18.e 7. 9.e 12.e 35.0 93.0 (2.0) $ 25.0 10.0 7. 13. 63.0 (3.0) Check my work (2.0) (3.0) Les Discount on bonds Shareholders' Equity Coron stock Paid-in capital-excess of par Retained earnings Less Treasury stock 210.0 24.0 66.0 (8.2) $464.e 200. 20.0 39.0 $374.0 DUX COMPANY Income Statement For the Year Ended December 31, 2023 (5 in thousands) Revenues Sales revenue $275.e Dividend revenue $283.0 Expenses Cost of goods sold 130.0 Salaries expense 35.e Depreciation expense 1.e Bad debt expense 1.0 Interest expense 18.0 Loss on sale of building 13. Income tax expense 26.0 224.e Net income $ 59. Check my work Aditional information from the accounting records a A building that originally cost $80,000, and which was three-fourths deprecated, was sold for $7.000 b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment c. Property was acquired by issuing a 13%, seven-year $35,000 note payable to the seller d. New equipment was purchased for $30,000 cash e On January 1, 2021, bonds were sold at their $30,000 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 514 per share at that time g Cash dividends of $18,000 were paid to shareholders h. On November 12. 12,500 shares of common stock were repurchased as treasury stock at a cost of $8.000 Required: Prepare the statement of cash flows for Dux Company using the Indirect method (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (.e., 10,000 should be entered as 10).) DUX COMPANY Statement of Cash Flows For year ended December 31, 2021 (S in 000s) Cash flows from operating activities Not income Check my work DUX COMPANY Statement of Cash Flows For year ended December 31, 2021 (5 in 00s) Cash flows from operating activities Norincome Aqustments for noncash effects Depreciation experise Loss on sale of building Amortization of bond discount Changes in operating assets and abilities Decrease in accounts receivable Increase in dividends receivable Increase in allowance for uncollectible accounts Increase in inventory Decrease in accounts payable Decrease in salarios payable Increase in accounts payable
