7 The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also. 1 points 2017 eBook $ 26 59 Print (4) References DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000) 2018 Assets Cash $ 45 Accounts receivable 50 Less: Allowance for uncollectible accounts (5) Dividends receivable 6 Inventory 67 Long-term investment 27 Land 91 Buildings and equipment 219 Less: Accumulated depreciation (31) $ 469 Liabilities Accounts payable $ 19 Salaries payable 6 Interest payable 8 Income tax payable 13 Notes payable 45 Bonds payable 107 Less: Discount on bonds (8) Shareholders' Equity Common stock 216 Paid-in capital-excess of par 30 Retained earnings 47 Less: Treasury stock (14) $ 469 56 16 46 262 (62) $ 403 $ 32 9 5 15 0 76 (15) 206 26 49 0 $403 DUX COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 255 Dividend revenue - 5 $260 Expenses Cost of goods sold 126 Salaries expense 31 Depreciation 17 expense Bad debt expense 1 Interest expense 14 Loss on sale of 5 building Income tax expense 23 217 Net income $ 43 Additional information from the accounting records: a. A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $11,000. b. The common stock of Byrd Corporation was purchased for $11,000 as a long-term investment. c. Property was acquired by issuing a 12%, seven-year, $45,000 note payable to the seller. d. New equipment was purchased for $21,000 cash. e. On January 1, 2018, bonds were sold at their $31,000 face value. f. 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. g. Cash dividends of $31,000 were paid to shareholders. h. On November 28,000 shares of common stock were repurchased as treasury stock at a cost of $14,000. eBook Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (ie., 10,000 should be entered as 10).)) Print References DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Adjustments for noncash effects: Changes in operating assets and liabilities: Cash balance, January 1 Noncash investing and financing activities