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 0005) 2018 2017 Assets Cash Accounts receivable Les: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation $ 45 50 (5) 6 67 27 91 219 (21) $ 469 $ 26 59 (4) 4 56 16 46 262 (62) $ 403 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Les Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Les Treasury stock $ 19 6 8 13 45 107 (8) $ 32 9 5 15 o 76 (15) 216 30 47 (14) $.469 206 26 49 0 $ 403 DUX COMPANY Income Statement For Year Ended December 31, 2018 is in 000) Revenues Sales revenue $ 255 Dividend revenue 55 260 Expenses Cost of goods sold 126 Salaries expense 31 Depreciation expendo 17 Bad debt expense 1 Interest expenso 14 Loss on sale of building 5 Income tax expense 23 217 Net income $ 43 Additional information from the accounting records: a. A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $11,000. b. The common stock of Byrd Corporation was purchased for $11,000 as a long-term investment c. Property was acquired by issuing a 12%, seven-year, $45,000 note payable to the seller, d. New equipment was purchased for $21,000 cash. e. On January 1, 2018, bonds were sold at their $ 31,000 face value 1. On January 19, Dux issued a 5% stock dividend (1000 shares). The market price of the $10 par value common stock was $14 per share at that time. 9. Cash dividends of $31,000 were paid to shareholders. h. On November 28,000 shares of common stock were repurchased as treasury stock at a cost of $14,000 Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e... DUX COMPANY Statement of Cash Flows For yoar ended December 31, 2018 (5 in 000s) Cash flows from operating activities: Net income Adjustments for noncash effects: Depreciation expense Loss on sale of building Amortization of discount Changes in operating assets and liabilities: Decrease in accounts receivable Increase in dividends receivable Increase in inventory Decrease in accounts payable Decrease in salaries payable Increase in interest payable Decrease in income tax payable 0 Net cash flows from operating activities Net cash flows from operating activities $ $ 0 Cash flows from investing activities: Net cash flows from investing activities 0 0 Cash balance, January 1 $ Noncash investing and financing activities: Net cash flows from investing activities 0 Cash balance, January 1 0 Noncash investing and financing activities