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. 4 2020 25 points DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 is in thousands) 2021 Assets Cash $ 51.0 Accounts receivable 51.0 Less: Allowance for uncollectible accounts (5.0) Dividends recevable 6.0 Inventory Long-term investment 13.0 23.0 53.0 (4.0) eBook 53.0 13.0 Print References Buildings and equipment Le 33: Accumulated depreciation 120.0) 253.0 ( 65.0) 3371.0 $ 23.02 Liabilities Accounts payable Salaries payabie Interest payabie Income tax payabie Notes payable Bonds payable Lese: Deseoant or bonds Shareholders Equity Cormor toek Paid-ir capital-excess of par Betained earnings Less: Treasuzy Stock 2 oua 240 a. 1960 0 $8710 $448.0 4. 25 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenge $245.0 Dividend revenue $251.0 Bazpenses Cost of goods 3010 126.0 Salaries expense 31.0 Depreciation expense 3.0 Bad debt expense Interest expense 14.0 Loss on sale of building Income tax expense 22.0 206.0 Net income S 45.0 points eBook Print References Additional information from the accounting records: a. A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing a 13%, seven-year, $33,000 note payable to the seller. d. New equipment was purchased for $24,000 cash. e. On January 1, 2021, bonds were sold at their $28,000 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 $14 per share at that time g. Cash dividends of $16,000 were paid to shareholders. h. On November 12, 12.500 shares of common stock were repurchased as treasury stock at a cost of $8.000. 4 Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).) DUX COMPANY Statement of Cash Flows 25 points For year ended December 31, 2021 ($ in 000s) Cash flows from operating activities: Net income eBook Adjustments for noncash effects: Print References ho Changes in operating assets and liabilities: 4 Net cash flows from operating activities Cash flows from investing activities: 25 points Net cash flows from investing activities Cash flows from financing activities: e Book References Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance December 31 Noncash investing and financing activities