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. 3 DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 25 polnts 41 Assets Cagia Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment $ 27 56 (2) 5 6 9.5 27 un 75 220 (60) Buildings and equipment Less: Accumulated depreciation References (34) $ 435 $ 10 10 5 Liabilities Accounts payabie Salaries payabie Interest payable Income tax payabie Notes payable Bonds payabie Le 33: Discount or borde Shareholders' Equity Coromon stock Paid-in capitai-excess of par 1 tr 0 0 0 0 0 a 00 55 200 20 74 Les3: Treasury stock 3 DUX COMPANY Income Statement For the Year Ended December 31, 2021 (s in thousands) Revenues Sales revenue $ 270 Dividend revenue 6 $ 276 Expenses Cost of goods sold 155 Salaries expense 39 Depreciation expense Bad debt expense Interest expense B Los3 on sale of building Income tax expense 2 3 5 25 points in 0 a eBook Print Net income References Additional information from the accounting records: a. A building that originally cost $48,000, and which was three-fourths depreciated, was sold for $8,000. b. The common stock of Byrd Corporation was purchased for $3,000 as a long-term investment! C. Property was acquired by issuing a 10%, seven-year. $20,000 note payable to the seller. d. New equipment was purchased for $22,000 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 $14 per share at that time. g. Cash dividends of $11,000 were paid to shareholders. h. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $11,000. 3 3 Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows 25 points For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows: eBook Print References Cash outflows: Net cash flows from operating activities Cash flows from investing activities 3 Net cash flows from operating activities Cash flows from investing activities: 25 points eBook Net cash flows from investing activities Cash flows from financing activities: References Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance. December 31 Noncash investing and financing activities