The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Company. Additional information from Duxs accounting records is provided also.

DUX COMPANY

Selected Accounts from Comparative Balance Sheets

December 31, 2016 and 2015 ($ in 000s)

Year

Assets 2016 2015

Cash $ 39 23

Accounts Receivable 47 53

Inventory 61 53

L/T Investment 21 13

Land 81 43

Buildings and Equipment 222 256

Less: Accumulated depreciation (28) (56)

$ 448 $ 389

Liabilities

Accounts payable $ 16 $ 26

Salaries payable 5 7

Interest payable 7 4

Income tax payable 10 13

Notes payable 38 0

Bonds payable 101 73

Less: Discount on bonds (5) (9)

Shareholders Equity

Common stock 213 203

Paid-in capitalexcess of par 27 23

Retained earnings 47 49

Less: Treasury Stock (11) 0

$ 448 $ 389

DUX COMPANY

Income Statement

For the Year Ended December 31, 2016

($ in 000s)

Revenues

Sales Revenue 225

Dividend Revenue 6 $231

____

Expenses

Costs of goods sold 123

Salaries expense 28

Depreciation expense 11

Interest expense 11

Loss on sale of building 5

Income tax expense 20 198

____ _____

Net income $ 33

Additional information from the accounting records:

a.	A building that originally cost $52,000, and which was three-fourths depreciated, was sold for $8,000.
b.	The common stock of Byrd Corporation was purchased for $8,000 as a long-term investment.
c.	Property was acquired by issuing a 15%, seven-year, $38,000 note payable to the seller.
d.	New equipment was purchased for $18,000 cash.
e.	On January 1, 2016, $28,000 of bonds were sold at 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 $21,000 were paid to shareholders.
h.	On November 22,000 shares of common stock were repurchased as treasury stock at a cost of $11,000.

Required:

Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. 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).))

DUX COMPANY

Statement of Cash Flows

For year ended December 31, 2016 ($ in 000s)

Adjustments for noncash effects:

Changes in operating assets and liabilities:

Cash balance, January 1