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.

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

DUX COMPANY Income Statement For the Year Ended December 31, 2024 ( $ in thousands) Revenues Sales revenue Dividend revenue $2903$293 Expenses Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense Net income Additional information from the accounting records a. A building that originally cost $56,000, and which was three-fourths depreciated, was sold for $5,000 b. The common stock of Byrd Corporation was purchased for $3,000 as a long-term investment. c. Property was acquired by issuing a 12%, seven-year, $30,000 note payable to the seller: d. New equipment was purchased for $24,000 cash. e. On January 1, 2024, 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. 9. Cash dividends of $14,000 were paid to shareholders h. On November 12,500 shares of common stock were repurchased as treasury stock at a cost of $4,000. 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 DUX COMPANY Statement of Cash Flows For the year ended December 31, 2024 ( $ in thousands) Cash flows from operating activities: Cash inflows: \begin{tabular}{|l|l|} \hline From customers \\ \hline From dividends received & \\ \hline \end{tabular} Cash outflows: Net cash flows from operating activities $0 Cash flows from investing activities: \begin{tabular}{|l|l|} \hline Sale of building & \\ \hline Purchase of long-term investment & \\ \hline Purchase of equipment & \\ \hline & \\ \hline & \\ \hline \end{tabular} Net cash flows from investing activities Cash flows from financing activities: \begin{tabular}{|l|l|} \hline Sale of bonds payable & \\ \hline Payment of dividends & \\ \hline Purchase of treasury stock & \\ \hline & \\ \hline & \\ \hline \end{tabular} Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Acquired land DUX COMPANY Income Statement For the Year Ended December 31, 2024 ( $ in thousands) Revenues Sales revenue Dividend revenue $2903$293 Expenses Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense Net income Additional information from the accounting records a. A building that originally cost $56,000, and which was three-fourths depreciated, was sold for $5,000 b. The common stock of Byrd Corporation was purchased for $3,000 as a long-term investment. c. Property was acquired by issuing a 12%, seven-year, $30,000 note payable to the seller: d. New equipment was purchased for $24,000 cash. e. On January 1, 2024, 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. 9. Cash dividends of $14,000 were paid to shareholders h. On November 12,500 shares of common stock were repurchased as treasury stock at a cost of $4,000. 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 DUX COMPANY Statement of Cash Flows For the year ended December 31, 2024 ( $ in thousands) Cash flows from operating activities: Cash inflows: \begin{tabular}{|l|l|} \hline From customers \\ \hline From dividends received & \\ \hline \end{tabular} Cash outflows: Net cash flows from operating activities $0 Cash flows from investing activities: \begin{tabular}{|l|l|} \hline Sale of building & \\ \hline Purchase of long-term investment & \\ \hline Purchase of equipment & \\ \hline & \\ \hline & \\ \hline \end{tabular} Net cash flows from investing activities Cash flows from financing activities: \begin{tabular}{|l|l|} \hline Sale of bonds payable & \\ \hline Payment of dividends & \\ \hline Purchase of treasury stock & \\ \hline & \\ \hline & \\ \hline \end{tabular} Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Acquired land