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.

2 The comparative balance sheets for 2018 and 2017 and the statement of Income for 2018 are given below for Dux Company. Additional Information from Dux's accounting records is provided also. 50 points DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in Bees) 2018 2017 eBook Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation Print $ 53 $30 54 67 (3) (2) 2. 1 75 60 35 20 118 62 215 278 (35) (70) $ 514 $ 438 References Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Connon stock Paid-in capital-excess of par Retained earnings Less: Treasury stock $ 23 2 4 17 56 115 $ 40 5 2 28 80 (12) (23) 220 35 72 (18) $ 514 210 30 74 3 $ 438 DUX COMPANY Income Statement For Year Ended December 31, 2018 ($ in Bees) Revenues Sales revenue $ 290 Dividend revenue 9 $ 299 Expenses Cost of goods sold 130 Salaries expense 35 Depreciation expense 25 Bad debt expense 1 Interest expense 18 Loss on sale of building 5 Income tax expense 27 241 Net income $ 58 Additional Information from the accounting records: a. A building that originally cost $80,000, and which was three-fourths depreciated. was sold for $15,000. b. The common stock of Byrd Corporation was purchased for $15.000 as a long-term Investment. c. Property was acquired by Issuing a 10%. seven-year. $56.000 note payable to the seller. d. New equipment was purchased for $25,000 cash. e. On January 1, 2018, bonds were sold at their $35.000 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 $15 per share at that time. 9. Cash dividends of S45.000 were paid to shareholders. h. On November 36,000 shares of common stock were repurchased as treasury stock at a cost of $18,000. 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. (l.e., 10.000 should be entered as 10).)) 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. (Le., 10.000 should be entered as 10).)) DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 (5 in 000s) Cash flows from operating activities Net income S 58 Adjustments for noncash effects: Loss on sale of building 5 Depreciation expense 13 Depreciation expense 25 Changes in operating assets and liabilities: Decrease in accounts receivable 13 Increase in dividends receivable (1) Increase in inventory (15) Decrease in accounts payable (17) Decrease in salaries payable (3) Increase in interest payable 2 Decrease in income tax payable Sale of bonds payable 11 00 OOOOOOO (3) Net cash flows from operating activities . IS 78 Cash flows from investing activities: Gain on sale of building Purchase of long-term investment Purchase of equipment OOO 15 (15) (25) Net cash flows from investing activities (25) Cash flows from financing activities: Sale of bonds payable Payment of cash dividends Purchase of treasury stock OOO 35 (45) (18) Net cash flows from financing activities > (28) Cash balance, January 1 Cash balance, January 1 X 35,000 35,000 1% $ 23 % Noncash investing and financing activities: Increase in inventory EX IS Cash balance, January 1 30 Cash balance, December 31 53 Red last indicate no response was expected in a calor a formula-based calculation is incorrect; no points deducted