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	$ 99.0	$ 31.0
Accounts receivable	59.0	61.0
Less: Allowance for uncollectible accounts	(4.0)	(3.0)
Dividends receivable	14.0	13.0
Inventory	66.0	61.0
Long-term investment	26.0	21.0
Land	81.0	40.0
Buildings and equipment	181.0	261.0
Less: Accumulated depreciation	(10.0)	(105.0)
	$ 512.0	$ 380.0
Liabilities
Accounts payable	$ 24.0	$ 31.0
Salaries payable	13.0	16.0
Interest payable	15.0	13.0
Income tax payable	18.0	19.0
Notes payable	41.0	0
Bonds payable	96.0	60.0
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	81.0	24.0
Less: Treasury stock	(8.0)	0
	$ 512.0	$ 380.0

DUX COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 365.0
Dividend revenue	14.0	$ 379.0
Expenses
Cost of goods sold	142.0
Salaries expense	47.0
Depreciation expense	1.0
Bad debt expense	1.0
Interest expense	30.0
Loss on sale of building	25.0
Income tax expense	38.0	284.0
Net income		$ 95.0

Additional information from the accounting records:

A building that originally cost $128,000, 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, $41,000 note payable to the seller.

New equipment was purchased for $48,000 cash.

On January 1, 2024, bonds were sold at their $36,000 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 $24,000 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).