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	$ 87	$ 32
Accounts receivable	43	63
Less: Allowance for uncollectible accounts	(5)	(4)
Dividends receivable	6	5
Inventory	60	55
Long-term investment	36	34
Land	60	45
Buildings and equipment	270	270
Less: Accumulated depreciation	(41)	(60)
	$ 516	$ 440
Liabilities
Accounts payable	$ 22	$ 48
Salaries payable	5	8
Interest payable	6	2
Income tax payable	10	12
Notes payable	15	0
Bonds payable	105	80
Less: Discount on bonds	(2)	(3)
Shareholders' Equity
Common stock	210	200
Paid-in capitalexcess of par	24	20
Retained earnings	128	73
Less: Treasury stock	(7)	0
	$ 516	$ 440

DUX COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 320
Dividend revenue	6	$ 326
Expenses
Cost of goods sold	180
Salaries expense	22
Depreciation expense	8
Bad debt expense	1
Interest expense	7
Loss on sale of building	1
Income tax expense	24	243
Net income		$ 83

Additional information from the accounting records:

A building that originally cost $36,000, and which was three-fourths depreciated, was sold for $8,000.

The common stock of Byrd Corporation was purchased for $2,000 as a long-term investment.

Property was acquired by issuing a 15%, seven-year, $15,000 note payable to the seller.

New equipment was purchased for $36,000 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 $14,000 were paid to shareholders.

On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $7,000.

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.