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 $ 121 $ 40 Accounts receivable 43 71 Less Allowance for uncollectible accounts (5 ) (4 ) Dividends receivable 4 3 Inventory 100 95 Long term investment 54 50 Land 95 85 Buildings and equipment 162 200 Less Accumulated depreciation (38 ) (80 ) $ 536 $ 460 Liabilities Accounts payable $ 46 $ 82 Salaries payable 6 9 Interest payable 7 2 Income tax payable 5 6 Notes payable 10 0 Bonds payable 80 50 Less Discount on bonds (5 ) (6 ) Shareholders' Equity Common stock 210 200 Paid in capitalexcess of par 24 20 Retained earnings 163 97 Less Treasury stock (at cost) (10 ) 0 $ 536 $ 460 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 400 Dividend revenue 4 $ 404 Expenses Cost of goods sold 220 Salaries expense 38 Depreciation expense 9 Bad debt expense 1 Interest expense 10 Loss on sale of building 2 Income tax expense 31 311 Net income $ 93 Additional information from the accounting records A building that originally cost $68,000, and which was three fourths depreciated, was sold for $15,000 The common stock of Byrd Corporation was purchased for $4,000 as a long term investment Property was acquired by issuing a 15 , seven year, $10,000 note payable to the seller New equipment was purchased for $30,000 cash On January 1, 2018, bonds were sold at their $30,000 face value 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 Cash dividends of $13,000 were paid to shareholders On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $10,000 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 )

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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

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

121

Accounts receivable

Less: Allowance for uncollectible accounts

)

Dividends receivable

Inventory

100

Long-term investment

Land

Buildings and equipment

162

200

Less: Accumulated depreciation

(38

)

(80

)

536

460

Liabilities

Accounts payable

Salaries payable

Interest payable

Income tax payable

Notes payable

Bonds payable

Less: Discount on bonds

)

Shareholders' Equity

Common stock

210

200

Paid-in capitalexcess of par

Retained earnings

163

Less: Treasury stock (at cost)

(10

)

536

460

DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s)

Revenues

Sales revenue

400

Dividend revenue

404

Expenses

Cost of goods sold

220

Salaries expense

Depreciation expense

Bad debt expense

Interest expense

Loss on sale of building

Income tax expense

311

Net income

Additional information from the accounting records:

A building that originally cost $68,000, and which was three-fourths depreciated, was sold for $15,000.

The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment.

Property was acquired by issuing a 15%, seven-year, $10,000 note payable to the seller.

New equipment was purchased for $30,000 cash.

On January 1, 2018, bonds were sold at their $30,000 face value.

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.

Cash dividends of $13,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $10,000.

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.)