Prepare the reconciliation between net income and cash flows from operating activities if needed.

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 2020 ($ in 000s) 2021 2020 $ 62 $ 35 Assets Cash Accounts receivable Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation 60 300 90 291 (62) $ 564 (90) $ 481 $ 41 41 $ 73 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capitalexcess of par Retained earnings Less: Treasury stock (at cost) (5) (6) 210 24 138 (10) $ 564 $ 481 - 5 $ 355 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in 000s) Revenues Sales revenue $ 350 Dividend revenue Expenses Cost of goods sold 195 Salaries expense Depreciation expense Interest expense Loss on sale of building Income tax expense 27 271 Net income $ 84 Additional information from the accounting records: a. A building that originally cost $48,000, and which was three-fourths depreciated, was sold for $9,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing a 12%, seven-year, $30,000 note payable to the seller. d. New equipment was purchased for $39,000 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 $14,000 were paid to shareholders. h. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $10,000