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 sibets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash Accounts receivable Lens: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment LO: Accumulated depreciation $ 72 27 (3) 4 35 17 55 252 (46) $ 413 $ 26 50 (2) 3 30 12 45 260 (60) $364 5 18 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Les Discount on bonds Shareholders Equity Conon stock Paid-in capital-excess of par Retained earnings $ 14 1 5 5 10 100 (1) 3 6 0 75 (2) 210 24 50 200 20 40 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 0001) Revenues Sales revenue $ 210 Dividend revenue 4 $214 Expenses Cost of goods sold 125 Salaries expense 27 Depreciation expense 4 Bad debt expense 1 Interest expense 6 Loss on sale of building Income tax expense 176 Net income $38 Additional information from the accounting records. 3. A building that originally cost $24,000, and which was three-fourths depreciated, was sold for $5,000, b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing a 10%, sevenyear, $10,000 note payable to the seller. d. New equipment was purchased for $16,000 cash e. On January 1, 2018, bonds were sold at their $25,000 face value. t. 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. g. Cash dividends of $14,000 were paid to shareholders. h. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $5,000, 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.) DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 (5 in 000) Cash flows from operating activities Cash inflows: From customers $ From dividends received Cash outflows To suppliers of goods To employees For interest For income taxes 233 3 (30) (13) $ 193 (Net cash flows from operating activities Pathfins from instinctive For interest For income taxes (13) $ 193 Net cash flows from operating activities Cash flows from investing activities: Purchase of long-term investment Sale of building Purchase of equipment 0 Net cash flows from investing activities Cash flows from financing activities: Sale of bonds payable Purchase of treasury stock Payment of cash dividends 0 Net cash flows from financing activities Net increase in cash Cash balance, January 1 Sale of building Purchase of equipment 0 + Net cash flows from investing activities Cash flows from financing activities: Sale of bonds payable Purchase of treasury stock Payment of cash dividends 0 Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Acquired land $ $ 0