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. 2018 2017 DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 2005) Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation $ 33 65 (5) $ 78 53 (6) 3 65 40 70 277 (45) $ 535 2 60 36 50 280 (70) $ 451 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: biscount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock (at cost) $ 34 4 9 3 20 110 $ 56 9 3 6 @ 85 210 24 132 (8) $ 535 200 20 76 $ 451 DUX COMPANY Income Statement For the Year Ended December 31, 2018 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 2005) Revenues Sales revenue $330 Dividend revenue 3 $ 333 Expenses Cost of goods sold 185 Salaries expense 24 Depreciation expense 5 Bad debt expense 1 Interest expense 10 Loss on sale of building 3 Income tax expense 24 252 Net income $ 81 Additional information from the accounting records: a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment. c. Property was acquired by Issuing a 14%, seven-year, $20,000 note payable to the seller. d. New equipment was purchased for $37.000 cash. e. On January 1, 2018, bonds were sold at their $25,000 face value. 1. 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. 9. Cash dividends of $11,000 were paid to shareholders. h. on November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $8,000. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) ntIY Y COMPANY Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Cash inflows: Cash outflows: Acquired land Cash balance, December 31 Cash balance, January 1 For income taxes For interest Acquired land Cash balance, December 31 Cash balance, January 1 For income taxes Noncash investing and financing activities