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 COMPANYComparative Balance SheetsDecember $31,2024$ and $2023($$ in thousands$)20242023$Assets Cash$ $60$$ $28$Accounts receivable$4758$Less: Allowance for uncollectible accounts$(4)(3)$Dividends receivable$76$Inventory$4035$Long$-$term investment$2826$Land$10580$Buildings and equipment$201230$Less: Accumulated depreciation$(35)(70)$ $ $449$$ $390$Liabilities Accounts payable$ $26$$ $39$Salaries payable$24$Interest payable$52$Income tax payable$68$Notes payable$250$Bonds payable$8560$Less: Discount on bonds$(3)(4)$Shareholders$\text{'}$ Equity Common stock$210200$Paid$-$in capitalexcess of par$2420$Retained earnings$8161$Less: Treasury stock$(12)0$ $ $449$$ $390$DUX COMPANYIncome StatementFor the Year Ended December $31,2024($$ in thousands$)$Revenues Sales revenue$ $280$ Dividend revenue$7$$ $287$Expenses Cost of goods sold$160$ Salaries expense$41$ Depreciation expense$4$ Bad debt expense$1$ Interest expense$8$ Loss on sale of building$7$ Income tax expense$20241$Net income $ $46$Additional information from the accounting records:A building that originally cost $$52,000,$ and which was three$-$fourths depreciated, was sold for $$6,000.$The common stock of Byrd Corporation was purchased for $$2,000$ as a long$-$term investment.Property was acquired by issuing a $11\%,$ seven$-$year, $$25,000$ note payable to the seller.New equipment was purchased for $$23,000$ 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 $$14$ per share at that time.Cash dividends of $$12,000$ were paid to shareholders.On November $12,1,000$ shares of common stock were repurchased as treasury stock at a cost of $$12,000.$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.