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 thousands)20212020AssetsCash$81.0$28.0Accounts receivable56.058.0Less: Allowance for uncollectible accounts(4.0)(3.0)Dividends receivable11.010.0Inventory63.058.0Long-term investment23.018.0Land78.040.0Buildings and equipment193.0258.0Less: Accumulated depreciation(13.0)(90.0)$488.0$377.0LiabilitiesAccounts payable$21.0$28.0Salaries payable10.013.0Interest payable12.010.0Income tax payable15.016.0Notes payable38.00Bonds payable99.066.0Less: Discount on bonds(2.0)(3.0)Shareholders' EquityCommon stock210.0200.0Paid-in capitalexcess of par24.020.0Retained earnings69.027.0Less: Treasury stock(8.0)0$488.0$377.0

DUX COMPANY

Income Statement

For the Year Ended December 31, 2021

($ in thousands)RevenuesSales revenue$320.0Dividend revenue11.0$331.0ExpensesCost of goods sold136.0Salaries expense41.0Depreciation expense1.0Bad debt expense1.0Interest expense24.0Loss on sale of building19.0Income tax expense32.0254.0Net income$77.0

Additional information from the accounting records:

1. A building that originally cost $104,000, and which was three-fourths depreciated, was sold for $7,000.
2. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.
3. Property was acquired by issuing a 13%, seven-year, $38,000 note payable to the seller.
4. New equipment was purchased for $39,000 cash.
5. On January 1, 2021,bonds were sold at their $33,000 face value.
6. 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.
7. Cash dividends of $21,000 were paid to shareholders.
8. On November 12, 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000.

Required:

Prepare the statement of cash flows for Dux Company using theindirect method.(Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).)