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.

DUX COMPANY

Comparative Balance Sheets

December 31, 2018 and 2017

($ in 000s)

2018 2017

Assets

Cash $47 $27

Accounts receivable 51 61

Less: Allowance for uncollectible accts(3) (2)

Dividends receivable 5 4

Inventory 69 57

Long-term investment 29 17

Land 96 50

Buildings and equipment 218 264

Less: Accumulated depreciation(32) (64)

$480 $414

Liabilities

Accounts payable $20 $34

Salaries payable 5 8

Interest payable 7 6

Income tax payable 14 16

Notes payable 46 0

Bonds payable 109 77

Less: Discount on bonds (9) (17)

Shareholders' Equity

Common stock 217 207

Paid-in capitalexcess of par 28 27

Retained earnings 58 56

Less: Treasury stock (15) 0

$480 $414

DUX COMPANY

Income Statement

For Year Ended December 31, 2018

($ in 000s)

Revenues

Sales revenue $261

Dividend revenue 6

TOTAL $267

Expenses

Cost of goods sold 127

Salaries expense 32

Depreciation expense 19

Bad debt expense 1

Interest expense 15

Loss on sale of building 3

Income tax expense 24

TOTAL 221

Net income $46

Additional information from the accounting records:

1. A building that originally cost $68,000, and which was three-fourths depreciated, was sold for $14,000.
2. The common stock of Byrd Corporation was purchased for $12,000 as a long-term investment.
3. Property was acquired by issuing a 15%, seven-year, $46,000 note payable to the seller.
4. New equipment was purchased for $22,000 cash.
5. On January 1, 2018,bonds were sold attheir $32,000 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 $11 per share at that time.
7. Cash dividends of $33,000 were paid to shareholders.
8. On November 30,000 shares of common stock were repurchased as treasury stock at a cost of $15,000.

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).))