Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021. Present cash flows from operating activities bu the DIRECT METHOD.

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 thousands) 2021 2e2e Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investiment Land Buildings and equipment Less: Accumulated depreciation 19 75 266 (62) (88) 453s 399 A Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders Equity Connon stock Pald-la capital-excess of par Retained earnings Less Treasury stock RSS | 29 DEIX COMPANY Income Statement For the Year Ended December 21, 20 (5 in thousands) Revenues Sales revenue Dividend revenue Expenses Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense Net income Additional Information from the accounting records: a. A building that originally cost $32,000, and which was three-fourths depreciated, was sold for $3.000. b. The common stock of Byrd Corporation was purchased for $3.000 as a long-term Investment c. Property was acquired by Issuing a 12%, seven-year. $20.000 note payable to the seller. d. New equipment was purchased for $18,000 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. 9. Cash dividends of $16.000 were paid to shareholders. h On November 12.500 shares of common stock were repurchased as treasury stock at a cost of $7.000 For the served Decem 15 in thousands Cash flows from operating activities Cash in Cash ou Net cash flows from operating activ Cash flows from investing activities Net cash flows from investing activities Cash flows from financing activ Niet cash flows from financing activities Net increase decrease in cash Cas balance January 11 alance December oncash investing and Francing activ