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The comparative balance sheets for 2 0 2 4 and 2 0 2 3 and the statement of income for 2 0 2 4 are

The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company. Additional information from Duxs accounting records is provided also.DUX COMPANYComparative Balance SheetsDecember 31,2024 and 2023($ in thousands)20242023Assets Cash$ 105.0$ 32.0Accounts receivable60.062.0Less: Allowance for uncollectible accounts(5.0)(4.0)Dividends receivable15.014.0Inventory67.062.0Long-term investment27.022.0Land82.040.0Buildings and equipment177.0262.0Less: Accumulated depreciation(11.0)(110.0) $ 517.0$ 380.0Liabilities Accounts payable$ 25.0$ 32.0Salaries payable14.017.0Interest payable16.014.0Income tax payable19.020.0Notes payable42.00Bonds payable95.058.0Less: Discount on bonds(2.0)(3.0)Shareholders' Equity Common stock210.0200.0Paid-in capitalexcess of par24.020.0Retained earnings82.022.0Less: Treasury stock(8.0)0 $ 517.0$ 380.0DUX COMPANYIncome StatementFor the Year Ended December 31,2024($ in thousands)Revenues Sales revenue$ 380.0 Dividend revenue15.0$ 395.0Expenses Cost of goods sold144.0 Salaries expense49.0 Depreciation expense3.0 Bad debt expense1.0 Interest expense32.0 Loss on sale of building27.0 Income tax expense40.0296.0Net income $ 99.0Additional information from the accounting records:A building that originally cost $136,000, 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, $42,000 note payable to the seller.New equipment was purchased for $51,000 cash.On January 1,2024, bonds were sold at their $37,000 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 $25,000 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.Note: 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).

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