[The following information applies to the questions displayed below.] The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation $ 465 80 (4) 35 103 95 182 561 (105) $ 1,412 $ 324 82 (3) 18 82 90 120 586 (114) $ 1,185 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock $ 45 18 20 23 62 543 (18) $ 52 21 18 24 0 390 (19) 370 360 V Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock 370 120 237 (8) $ 1,412 360 100 239 o $ 1,185 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 520 Dividend revenue 35 $ 555 Expenses Cost of goods sold $ 312 Salaries expense 41 Depreciation expense 21 Bad debt expense 1 Interest expense 40 Loss on sale of building 3 Income tax expense $ 48 466 Net income $ 89 Additional information from the accounting records: a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment c. Property was acquired by issuing a 13%, seven-year, $62,000 note payable to the seller. d. New equipment was purchased for $15,000 cash. Additional information from the accounting records: a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment c. Property was acquired by issuing a 13%, seven-year, $62,000 note payable to the seller. d. New equipment was purchased for $15,000 cash. e. On January 1, 2021, bonds were sold at their $153,000 face value. f. On January 19, Dux issued a stock dividend (1,000 shares). The market price of the $10 par value common stock was $30 per share at that time. g. Cash dividends of $61,000 were paid to shareholders. h. On November 12, 2,100 shares of common stock were repurchased as treasury stock at a cost of $8,000. Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis. (Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows For year ended December 31, 2021 ($ in 000s) Cash flows from operating activities: Cash inflows: From customers From dividends received Cash outflows: To suppliers of goods To employees For interest For income taxes $ 0 Net cash flows from operating activities Cash flows from investing activities: $ 0 0 Net cash flows from operating activities Cash flows from investing activities: Sale of building Purchase of long-term investment Purchase of equipment 0 Net cash flows from investing activities Cash flows from financing activities: Sale of bonds payable Payment of dividends Purchase of treasury stock 0 Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities: Acquired land by issuing note $ 0