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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 and and the statement of income for are given below for Dux Company. Additional information from Dux's accounting records is provided also.
DUX COMPANY
Comparative Balance Sheets
December and
$ in thousands
Assets
Cash $ $
Accounts receivable
Less: Allowance for uncollectible accounts
Dividends receivable
Inventory
Longterm 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
Paidin capitalexcess of par
Retained earnings
Less: Treasury stock
$ $
DUX COMPANY
Income Statement
For the Year Ended December
$ in thousands
Revenues
Sales revenue $
Dividend revenue $
Expenses
Cost of goods sold
Salaries expense
Depreciation expense
Bad debt expense
Interest expense
Loss on sale of building
Income tax expense
Net income $
Additional information from the accounting records:
A building that originally cost $ and which was threefourths depreciated, was sold for $
The common stock of Byrd Corporation was purchased for $ as a longterm investment.
Property was acquired by issuing a sevenyear, $ note payable to the seller.
New equipment was purchased for $ cash.
On January bonds were sold at their $ face value.
On January Dux issued a stock dividend shares The market price of the $ par value common stock was $ per share at that time.
Cash dividends of $ were paid to shareholders.
On November shares of common stock were repurchased as treasury stock at a cost of $
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 ie should be entered as
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