Additional information from the accounting records:

a$.$ A building that originally cost $$112,000,$ and which was three$-$fourths depreciated, was sold for $$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, $$39,000$ note payable to the seller.

d$.$ New equipment was purchased for $$42,000$ cash.

e$.$ On January $1,2024,$ bonds were sold at their $$34,000$ 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 $$22,000$ were paid to shareholders.

h$.$ On November $12,12,500$ shares of common stock were repurchased as treasury stock at a cost of $$8,000.$The comparative balance sheets for $2024$ and $2023$ and the statement of income for $2024$ are given below for Dux Company. Additional information from Dux$$s accounting records is provided also.

DUX COMPANY

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

$20242023$

Assets

Cash $ $87\mathrm{.}0$ $ $29\mathrm{.}0$

Accounts receivable $57\mathrm{.}059\mathrm{.}0$

Less: Allowance for uncollectible accounts $(5\mathrm{.}0)(4\mathrm{.}0)$

Dividends receivable $12\mathrm{.}011\mathrm{.}0$

Inventory $64\mathrm{.}059\mathrm{.}0$

Long$-$term investment $24\mathrm{.}019\mathrm{.}0$

Land $79\mathrm{.}040\mathrm{.}0$

Buildings and equipment $189\mathrm{.}0259\mathrm{.}0$

Less: Accumulated depreciation $(14\mathrm{.}0)(95\mathrm{.}0)$

$ $493\mathrm{.}0$ $ $377\mathrm{.}0$

Liabilities

Accounts payable $ $22\mathrm{.}0$ $ $29\mathrm{.}0$

Salaries payable $11\mathrm{.}014\mathrm{.}0$

Interest payable $13\mathrm{.}011\mathrm{.}0$

Income tax payable $16\mathrm{.}017\mathrm{.}0$

Notes payable $39\mathrm{.}00$

Bonds payable $98\mathrm{.}064\mathrm{.}0$

Less: Discount on bonds $(2\mathrm{.}0)(3\mathrm{.}0)$

Shareholders' Equity

Common stock $210\mathrm{.}0200\mathrm{.}0$

Paid$-$in capital$$excess of par $24\mathrm{.}020\mathrm{.}0$

Retained earnings $70\mathrm{.}025\mathrm{.}0$

Less: Treasury stock $(8\mathrm{.}0)0$

$ $493\mathrm{.}0$ $ $377\mathrm{.}0$

DUX COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Revenues

Sales revenue $ $335\mathrm{.}0$

Dividend revenue $12\mathrm{.}0$ $ $347\mathrm{.}0$

Expenses

Cost of goods sold $138\mathrm{.}0$

Salaries expense $43\mathrm{.}0$

Depreciation expense $3\mathrm{.}0$

Bad debt expense $1\mathrm{.}0$

Interest expense $26\mathrm{.}0$

Loss on sale of building $21\mathrm{.}0$

Income tax expense $34\mathrm{.}0266\mathrm{.}0$

Net income $ $81\mathrm{.}0$

Additional information from the accounting records:

A building that originally cost $$112,000,$ and which was three$-$fourths depreciated, was sold for $$7,000.$

The common stock of Byrd Corporation was purchased for $$5,000$ as a long$-$term investment.

Property was acquired by issuing a $13\%,$ seven$-$year, $$39,000$ note payable to the seller.

New equipment was purchased for $$42,000$ cash.

On January $1,2024,$ bonds were sold at their $$34,000$ 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 $$22,000$ were paid to shareholders.

On November $12,12,500$ shares of common stock were repurchased as treasury stock at a cost of $$8,000.$

Required:

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

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands $($i$.$e$.,10,000$ should be entered as $10).$Required:

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

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands $($i$.$e$.,10,000$

should be entered as $10).$