The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousande) 2021 2020 Book Assets Cash Recounts receivable Less Allowance for uncollectable accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less Accumulated depreciation $ 60 39 (5) 6 55 19 75 266 (62) $ 453 $ 23 54 (4) 5 50 16 55 280 (80) $ 399 Print erences Liabilities Accounts payable Salarios payable Interest payable Income tax payable Notes payable Bonde payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital -excess of par Retained earnings Less Treasury stock $ 31 1 8 7 20 110 (3) $ 33 6 5 8 0 85 (4) -88 28.8. 210 24 52 (7) $ 453 200 20 46 0 $ 399 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands Revenues Sales revenue $ 230 Dividend revenue 6 $ 236 Expenses Coat of goods sold 136 Salariet expense 31 Depreciation expense 6 Bod debt an 3453 $390 wood $ 220 DUX COMPANY Income Statement For the Year Ended December 31, 2021 (in thousande) Revenues Sales tavate Dividend even 6 $ 236 Expense Cost of food told Salaries expert 31 Depreciation expense 6 Bad debt axpense Interest expen Loos on sale of building Income tax expense 200 Net income $36 135 Book erences Additional information from the accounting records a. A building that originally cost $32,000, and which was three fourths depreciated, was sold for $3,000. b. The common stock of Byrd Corporation was purchased for $3.000 as a long-term investment c. Property was acquired by issuing a 12%, seven-year. $20,000 note payable to the seller. d. New equipment was purchased for $18,000 cash. e. On January 1, 2021. bonds were sold at their $25,000 face value f. On January 19, Dux issued a 5% stock dividend (1.000 shares) The market price of the $10 par value common stock was 514 per Share at that time g Cash dividends of $15,000 were paid to shareholders h On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $7,000. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021 Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (ie, 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign) DUX COMPANY Statement of Cash Flows For the year ended December 31, 2021 15 in thousands) Cash flows from operating activities Cash flow DUX COMPANY Statement of Cash Flows For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows bed OK Cash outflows: ences Net cash flows from operating activibes Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net Increase (decrease) in cash Cash balance, January 1
