Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] 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. 2020 DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousand) 2021 Assets Canh $147.0 Accounts receivable 67.0 Less Allowance for uncollectible accounts (4.0) Dividends receivable 22.0 Inventory 74.0 Long-term investment 34.0 Land 89.0 Buildings and equipment 149.0 Loon: Necumulated depreciation (3.0) $575.0 Liabilities Accounts payable $ 32.0 Salaries payable 21.0 Interent payable 23.0 Income tax payable 26.0 Notes payable 49.0 Bonds payable 08.0 Lens Discount on bonds (2.0) Shareholders' Equity Common stock 210.0 Paid-in capital-excess of par 24.0 Retained earningo 112.0 Loss Treasury stock (8.0 $575.0 $39.0 69.0 (3.0) 21.0 69.0 29.0 40.0 269.0 (145.0) $ 388.0 $ 39.0 24.0 21.0 27.0 0 44.0 (3.0) 200.0 20.0 16.0 0 $399.0 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $485.0 Dividend revenue 22.0 $507.0 Expenses Cont of goods sold 158.0 Salaries expense 63.0 Depreciation expense 2.0 Bad debt expense 1.0 Interest expense 46.0 Tons on sale of building 41.0 Income tax expense 54.0 365.0 Net income $142.0 Additional Information from the accounting records: a. A building that originally cost $192,000, 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 c. Property was acquired by Issuing a 13%, seven year, $49,000 note payable to the seller. d. New equipment was purchased for $72,000 cash. e. On January 1, 2021, bonds were sold at their $44,000 face value. t. 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 $32,000 were paid to shareholders. n. On November 12, 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000