DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable s 61 56 60 51 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 45 30 35 275 310 (51)(90) 492 450 50 32 70 Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 59 73 16 35 95 70 Less: Discount on bonds Shareholders Equity Common stock Paid-in capital-excess of par Retained earnings 210200 20 67 24 59 Common stock Paid-in capital-excess of par Retained earnings 210 24 59 200 20 67 Lesss Treasury stock (at cost) 492 450 DUX COMPANY Income Statement For the Year Ended December 31, 2018 (S in 000) Revenues Sales revenue 300 Dividend revenue $307 Expenses Cost of goods sold Salarics expense Depreciation expense Bad debt expenae 175 45 ces 10 Interest expense Loss on sale of building Income tax expense $ 45 289 S 18 Net income Additional information from the accounting records Loss on sale of building Income tax expense $ 45 289 $ 18 Net income Additional information from the accounting records: a. A building that originally cost $60,000, and which was three-fourths depreciated, was sold for $8,000 b. The common stock of Byrd Corporation was purchased for $2,000 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 $25,000 cash. e. On January 1, 2018, 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 $11,000 were paid to shareholders. h. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000. Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows Check my work h. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000 Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis. (Do not round your Intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 in 000s) Cash fows from operating activities Cash inflows From customers Cash outflows To suppliers of goods 0 Required information To suppliers of goods To employees For income taxes For interest Net cash flows from operating activities Cash flows from investing activities Purchase of equipment Purchase of long-term investment Net cash flows from investing activities 0 Required information Net cash flows from investing activities Cash flows from financing activities: Payment of cash dividends Sale of bonds payable Net cash flows from financing activities Noncash investing and financing activities: Acquired land