The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Duxs accounting records is provided also.

DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands)
	2021				2020
Assets
Cash	$	39.0			$	21.0
Accounts receivable		49.0				51.0
Less: Allowance for uncollectible accounts		(3.0	)			(2.0	)
Dividends receivable		4.0				3.0
Inventory		56.0				51.0
Long-term investment		16.0				11.0
Land		71.0				40.0
Buildings and equipment		221.0				251.0
Less: Accumulated depreciation		(26.0	)			(55.0	)
	$	427.0			$	371.0
Liabilities
Accounts payable	$	14.0			$	21.0
Salaries payable		3.0				6.0
Interest payable		5.0				3.0
Income tax payable		8.0				9.0
Notes payable		31.0				0
Bonds payable		96.0				70.0
Less: Discount on bonds		(2.0	)			(3.0	)
Shareholders' Equity
Common stock		210.0				200.0
Paid-in capitalexcess of par		24.0				20.0
Retained earnings		46.0				45.0
Less: Treasury stock		(8.0	)			0
	$	427.0			$	371.0

DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	215.0
Dividend revenue		4.0		$	219.0
Expenses
Cost of goods sold		122.0
Salaries expense		27.0
Depreciation expense		7.0
Bad debt expense		1.0
Interest expense		10.0
Loss on sale of building		5.0
Income tax expense		18.0			190.0
Net income				$	29.0

Additional information from the accounting records:

1. A building that originally cost $48,000, 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, $31,000 note payable to the seller.
4. New equipment was purchased for $18,000 cash.
5. On January 1, 2021, bonds were sold at their $26,000 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 $14,000 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 the indirect 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).

DUX COMPANY
Statement of Cash Flows
For year ended December 31, 2021 ($ in 000s)
Cash flows from operating activities:
Net income
Adjustments for noncash effects:
Changes in operating assets and liabilities:
Net cash flows from operating activities
Cash flows from investing activities:
Net cash flows from investing activities
Cash flows from financing activities:
Net cash flows from financing activities
Net increase in cash
Cash balance, January 1
Cash balance, December 31
Noncash investing and financing activities: