The comparative balance sheets for $2024$ and $2023$ and the statement of income for $2024$ are given below for Dux Company. Additional information from Dux$$s accounting records is provided also.

DUX COMPANY

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

$20242023$

Assets

Cash $ $69\mathrm{.}0$ $ $26\mathrm{.}0$

Accounts receivable $54\mathrm{.}056\mathrm{.}0$

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

Dividends receivable $9\mathrm{.}08\mathrm{.}0$

Inventory $61\mathrm{.}056\mathrm{.}0$

Long$-$term investment $21\mathrm{.}016\mathrm{.}0$

Land $76\mathrm{.}040\mathrm{.}0$

Buildings and equipment $201\mathrm{.}0256\mathrm{.}0$

Less: Accumulated depreciation $(17\mathrm{.}0)(80\mathrm{.}0)$

$ $469\mathrm{.}0$ $ $374\mathrm{.}0$

Liabilities

Accounts payable $ $19\mathrm{.}0$ $ $26\mathrm{.}0$

Salaries payable $8\mathrm{.}011\mathrm{.}0$

Interest payable $10\mathrm{.}08\mathrm{.}0$

Income tax payable $13\mathrm{.}014\mathrm{.}0$

Notes payable $36\mathrm{.}00$

Bonds payable $95\mathrm{.}064\mathrm{.}0$

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 $64\mathrm{.}034\mathrm{.}0$

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

$ $469\mathrm{.}0$ $ $374\mathrm{.}0$

DUX COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Revenues

Sales revenue $ $290\mathrm{.}0$

Dividend revenue $9\mathrm{.}0$ $ $299\mathrm{.}0$

Expenses

Cost of goods sold $132\mathrm{.}0$

Salaries expense $37\mathrm{.}0$

Depreciation expense $3\mathrm{.}0$

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

Interest expense $20\mathrm{.}0$

Loss on sale of building $15\mathrm{.}0$

Income tax expense $28\mathrm{.}0236\mathrm{.}0$

Net income $ $63\mathrm{.}0$

Additional information from the accounting records:

A building that originally cost $$88,000,$ and which was three$-$fourths depreciated, was sold for $$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, $$36,000$ note payable to the seller.

New equipment was purchased for $$33,000$ cash.

On January $1,2024,$ bonds were sold at their $$31,000$ 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 $$19,000$ 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.