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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 Dux's accounting records is provided also.
DUX COMPANY
Comparative Balance Sheets
December 31,2024 and 2023
($ in thousands)
20242023
Assets
Cash $ 33 $ 20
Accounts receivable 4850
Less: Allowance for uncollectible accounts (4)(3)
Dividends receivable 32
Inventory 5550
Long-term investment 1510
Land 7040
Buildings and equipment 225250
Less: Accumulated depreciation (25)(50)
$ 420 $ 369
Liabilities
Accounts payable $ 13 $ 20
Salaries payable 25
Interest payable 42
Income tax payable 78
Notes payable 300
Bonds payable 9570
Less: Discount on bonds (2)(3)
Shareholders' Equity
Common stock 210200
Paid-in capitalexcess of par 2420
Retained earnings 4547
Less: Treasury stock (8)0
$ 420 $ 369
DUX COMPANY
Income Statement
For the Year Ended December 31,2024
($ in thousands)
Revenues
Sales revenue $ 200
Dividend revenue 3 $ 203
Expenses
Cost of goods sold 120
Salaries expense 25
Depreciation expense 5
Bad debt expense 1
Interest expense 8
Loss on sale of building 3
Income tax expense 16178
Net income $ 25
Additional information from the accounting records:
A building that originally cost $40,000, 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, $30,000 note payable to the seller.
New equipment was purchased for $15,000 cash.
On January 1,2024, bonds were sold at their $25,000 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 $13,000 were paid to shareholders.
On November 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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