Refer to the data provided in the P 21–4 for Dux Company.

Required:
Prepare the statement of cash flows for Dux Company using the indirect method.

P 21–4 

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DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 (S in thousands) 2021 2020 Assets $ 33 $ 20 Cash Accounts receivable 48 50 Less: Allowance for uncollectible accounts (4) (3) Dividends receivable 2 Inventory Long-term investment 55 50 15 10 Land 70 40 Buildings and equipment Less: Accumulated depreciation 225 250 (25) (50) $420 $369 Liabilities $ 13 $ 20 Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable 2 4 2 8 30 95 70 Less: Discount on bonds (2) (3) Shareholders' Equlty Common stock 210 200 Paid-in capital-excess of par Retained earnings 24 20 45 47 Less: Treasury stock (8) $420 $369