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

DUX COMPANY
Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	2024	2023
Assets
Cash	$ 63.0	$ 25.0
Accounts receivable	53.0	55.0
Less: Allowance for uncollectible accounts	(4.0)	(3.0)
Dividends receivable	8.0	7.0
Inventory	60.0	55.0
Long-term investment	20.0	15.0
Land	75.0	40.0
Buildings and equipment	205.0	255.0
Less: Accumulated depreciation	(16.0)	(75.0)
	$ 464.0	$ 374.0
Liabilities
Accounts payable	$ 18.0	$ 25.0
Salaries payable	7.0	10.0
Interest payable	9.0	7.0
Income tax payable	12.0	13.0
Notes payable	35.0	0
Bonds payable	93.0	63.0
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	66.0	39.0
Less: Treasury stock	(8.0)	0
	$ 464.0	$ 374.0

DUX COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 275.0
Dividend revenue	8.0	$ 283.0
Expenses
Cost of goods sold	130.0
Salaries expense	35.0
Depreciation expense	1.0
Bad debt expense	1.0
Interest expense	18.0
Loss on sale of building	13.0
Income tax expense	26.0	224.0
Net income		$ 59.0

Additional information from the accounting records:

A building that originally cost $80,000, and which was three-fourths depreciated, was sold for $7,000.

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

Property was acquired by issuing a 13%, seven-year, $35,000 note payable to the seller.

New equipment was purchased for $30,000 cash.

On January 1, 2024, bonds were sold at their $30,000 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 $18,000 were paid to shareholders.

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.

Note: 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).