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

Required:
Prepare the statement of cash flows for Dux Company. Use the T account method to assist in your analysis.

 P 21–4

Transcribed Image Text:

DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 (S in thousands) 2021 2020 Assets Cash $ 33 $ 20 Accounts receivable 48 50 Less: Allowance for uncollectible accounts (4) (3) Dividends receivable 3 Inventory Long-term investment 55 50 15 70 10 Land 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 2 4 2 7 8 30 Bonds payable 95 70 Less: Discount on bonds (2) (3) Shareholders' Equity Common stock 210 200 Paid-in capital-excess of par Retained earnings Less: Treasury stock 24 20 45 47 (8) $420 $369