Problem 21-4 (Algo) Statement of cash flows; direct method [LO21-3, 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 Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock DUX COMPANY Income Statement For the Year Ended December 31, 2021 Revenues ($ in thousands) Sales revenue $230 Dividend revenue Expenses Cost of goods sold Salaries expense Depreciation expense 6 $236 135 31 6 Bad debt expense 1 Interest expense 8 Loss on sale of building 5 Income tax expense 14 200 Net income $ 36 2021 2020 $ 60 39 $ 23 54 (5) (4) 6 5 55 50 19 16 75 55 266 280 (62) (80) $ 453 $ 399 $ 31 $ 33 1 6 8 5 7 8 20 0 110 85 (3) (4) 210 200 24 20 52 46 (7) 0 $ 453 $ 399