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$)$

$20212020$

Assets

Cash $ $153\mathrm{.}0$ $ $40\mathrm{.}0$

Accounts receivable $68\mathrm{.}070\mathrm{.}0$

Less: Allowance for uncollectible accounts $(5\mathrm{.}0)(4\mathrm{.}0)$

Dividends receivable $23\mathrm{.}022\mathrm{.}0$

Inventory $75\mathrm{.}070\mathrm{.}0$

Long$-$term investment $35\mathrm{.}030\mathrm{.}0$

Land $90\mathrm{.}040\mathrm{.}0$

Buildings and equipment $145\mathrm{.}0270\mathrm{.}0$

Less: Accumulated depreciation $(1\mathrm{.}0)(150\mathrm{.}0)$

$ $583\mathrm{.}0$ $ $388\mathrm{.}0$

Liabilities

Accounts payable $ $33\mathrm{.}0$ $ $40\mathrm{.}0$

Salaries payable $22\mathrm{.}025\mathrm{.}0$

Interest payable $24\mathrm{.}022\mathrm{.}0$

Income tax payable $27\mathrm{.}028\mathrm{.}0$

Notes payable $50\mathrm{.}00$

Bonds payable $87\mathrm{.}042\mathrm{.}0$

Less: Discount on bonds $(2\mathrm{.}0)(3\mathrm{.}0)$

Shareholders' Equity

Common stock $210\mathrm{.}0200\mathrm{.}0$

Paid$-$in capital$$excess of par $24\mathrm{.}020\mathrm{.}0$

Retained earnings $116\mathrm{.}014\mathrm{.}0$

Less: Treasury stock $(8\mathrm{.}0)0$

$ $583\mathrm{.}0$ $ $388\mathrm{.}0$

DUX COMPANY

Income Statement

For the Year Ended December $31,2021$

$($$ in thousands$)$

Revenues

Sales revenue $ $500\mathrm{.}0$

Dividend revenue $23\mathrm{.}0$ $ $523\mathrm{.}0$

Expenses

Cost of goods sold $160\mathrm{.}0$

Salaries expense $65\mathrm{.}0$

Depreciation expense $1\mathrm{.}0$

Bad debt expense $1\mathrm{.}0$

Interest expense $48\mathrm{.}0$

Loss on sale of building $43\mathrm{.}0$

Income tax expense $56\mathrm{.}0374\mathrm{.}0$

Net income $ $149\mathrm{.}0$

Additional information from the accounting records:

A building that originally cost $$200,000,$ and which was three$-$fourths depreciated, was sold for $$7,000.$

The common stock of Byrd Corporation was purchased for $$5,000$ as a long$-$term investment.

Property was acquired by issuing a $13\%,$ seven$-$year, $$50,000$ note payable to the seller.

New equipment was purchased for $$75,000$ cash.

On January $1,2021,$ bonds were sold at their $$45,000$ face value.

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.

Cash dividends of $$33,000$ were paid to shareholders.

On November $12,12,500$ shares of common stock were repurchased as treasury stock at a cost of $$8,000.$

Required:

Prepare the statement of cash flows for Dux Company using the indirect method. $($Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands $($i$.$e$.,10,000$ should be entered as $10).)$Additional information from the accounting records:

a$.$ A building that originally cost $$200,000,$ and which was three$-$fourths depreciated, was sold for $$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, $$50,000$ note payable to the seller.

d$.$ New equipment was purchased for $$75,000$ cash.

e$.$ On January $1,2021,$ bonds were sold at their $$45,000$ 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 $$33,000$ were paid to shareholders.

h$.$ On November $12,12,500$ shares of common stock were repurchased as treasury stock at a cost of $$8,000.$