DUX COMPANY Comparative Balance Sheets December 31,2021 and 2020 Revenues SalesrevenueDividendrevenue$200$3203 Expenses CostofgoodssoldSalariesexpenseDepreciationexpenseBaddebtexpenseInterestexpense12025518 Additional information from the accounting records: a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. Page 1279 c. Property was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller. d. New equipment was purchased for $15,000 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 $13,000 were paid to shareholders. h. On November 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000. Required: income to cash flows from operating activities.) DUX COMPANY Comparative Balance Sheets December 31,2021 and 2020 Revenues SalesrevenueDividendrevenue$200$3203 Expenses CostofgoodssoldSalariesexpenseDepreciationexpenseBaddebtexpenseInterestexpense12025518 Additional information from the accounting records: a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. Page 1279 c. Property was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller. d. New equipment was purchased for $15,000 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 $13,000 were paid to shareholders. h. On November 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000. Required: income to cash flows from operating activities.)