The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

DUX COMPANY
Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	2024	2023
Assets
Cash	$ 92	$ 49
Accounts receivable	62	69
Less: Allowance for uncollectible accounts	(4)	(3)
Dividends receivable	3	2
Inventory	95	90
Long-term investment	53	48
Land	105	80
Buildings and equipment	209	230
Less: Accumulated depreciation	(60)	(100)
	$ 555	$ 465
Liabilities
Accounts payable	$ 38	$ 66
Salaries payable	4	8
Interest payable	6	5
Income tax payable	11	12
Notes payable	25	0
Bonds payable	90	65
Less: Discount on bonds	(4)	(5)
Shareholders' Equity
Common stock	210	200
Paid-in capitalexcess of par	24	20
Retained earnings	160	94
Less: Treasury stock	(9)	0
	$ 555	$ 465

DUX COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 390
Dividend revenue	3	$ 393
Expenses
Cost of goods sold	215
Salaries expense	36
Depreciation expense	8
Bad debt expense	1
Interest expense	9
Loss on sale of building	2
Income tax expense	31	302
Net income		$ 91

Additional information from the accounting records:

A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $14,000.

The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.

Property was acquired by issuing a 14%, seven-year, $25,000 note payable to the seller.

New equipment was purchased for $43,000 cash.

On January 1, 2024, bonds were sold at their $25,000 face value.

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.

Cash dividends of $11,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $9,000.

Required:

Prepare the statement of cash flows of Dux Company for the year ended December 31, 2024. Present cash flows from operating activities by the direct method.

Note: 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
For the year ended December 31, 2024
($ in thousands)
Cash flows from operating activities:
Cash inflows:
Cash outflows:
Net cash flows from operating activities		$0
Cash flows from investing activities:
Net cash flows from investing activities		0
Cash flows from financing activities:
Net cash flows from financing activities		0
Net increase (decrease) in cash
Cash balance, January 1
Cash balance, December 31		$0
Noncash investing and financing activities: