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The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Duxs

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Duxs accounting records is provided also.

DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s)
2018 2017
Assets
Cash $ 71 $ 39
Accounts receivable 63 85
Less: Allowance for uncollectible accounts (4 ) (3 )
Dividends receivable 5 3
Inventory 93 69
Long-term investment 53 29
Land 149 75
Buildings and equipment 206 288
Less: Accumulated depreciation (44 ) (88 )
$ 592 $ 497
Liabilities
Accounts payable $ 32 $ 58
Salaries payable 5 8
Interest payable 7 5
Income tax payable 26 30
Notes payable 74 0
Bonds payable 133 89
Less: Discount on bonds (21 ) (41 )
Shareholders' Equity
Common stock 229 219
Paid-in capitalexcess of par 42 39
Retained earnings 92 90
Less: Treasury stock (27 ) 0
$ 592 $ 497

DUX COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s)
Revenues
Sales revenue $ 370
Dividend revenue 8 $ 378
Expenses
Cost of goods sold 139
Salaries expense 44
Depreciation expense 43
Bad debt expense 1
Interest expense 27
Loss on sale of building 5
Income tax expense 36 295
Net income $ 83

Additional information from the accounting records:

  1. A building that originally cost $116,000, and which was three-fourths depreciated, was sold for $24,000.
  2. The common stock of Byrd Corporation was purchased for $24,000 as a long-term investment.
  3. Property was acquired by issuing a 10%, seven-year, $74,000 note payable to the seller.
  4. New equipment was purchased for $34,000 cash.
  5. On January 1, 2018, bonds were sold at their $44,000 face value.
  6. On January 19, Dux issued a 4% stock dividend (1,000 shares). The market price of the $10 par value common stock was $13 per share at that time.
  7. Cash dividends of $68,000 were paid to shareholders.
  8. On November 54,000 shares of common stock were repurchased as treasury stock at a cost of $27,000.

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, 2018 ($ in 000s)
Adjustments for noncash effects:
Changes in operating assets and liabilities:
$0
0
0
Cash balance, January 1
$0
Noncash investing and financing activities:

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