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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
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. DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation Liabilities Accounts payable Salaries payable 2021 2020 $ 69.0 54.0 $ 26.0 56.0 (5.0) (4.0) 9.0 8.0 61.0 56.0 21.0 16.0 76.0 40.0 201.0 256.0 (17.0) (80.0) $469.0 $374.0 $ 19.0 $ 26.0 8.0 11.0
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