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The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for DU): Company. Additional information from Dufs accounting records is provided also. assets Cash 5 121 5 43 Accounts receivable 43 71 Less: Allowance for uncollectible accounts [5) (4} Dividends receivable 4 3 Inventory 183 95 Longterm investment 54 59- Land 95 85 Buildings and equipment 152 296 Less: Accumulated depreciation 5 535 $ 463- Liabilities Accounts payable 5 46 $ 82 Salaries payable 6 9 Interest payable ? 2 Income tax payable 5 6 Notes payable 13 B Bonds payable 83 59 Less: Discount on bonds (5) (5] Shareholders' Equity Common stock 216 299- Paid-in capitalexcess of par 24 2B Retained earnings 153 9? Less: Treasury stock 13! 9 5 535 $459 DUX {IIMHHTY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 460 Dividend revenue 4 $ 464 Expenses Cost of goods sold 220 Salaries expense 38 Depreciation expense 9 Bad debt expense 1 Interest expense 10 Loss on sale of building 2 Income tax expense 31 311 Net income $ 93 Additional information from the accounting records: a. A building that originally cost $68,000, and which was threefourths depreciated, was sold for $15,000. b. The common stock of Byrd Corporation was purchased for $4,000 as a longterm investment c. Property was acquired by issuing a 15%, seven-year, $10,000 note payable to the seller. d. New equipment was purchased for $30,000 cash. e. On January 1, 2021, bonds were sold at their $30,000 face value. 1'. 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. Q. Cash dividends of $13,000 were paid to shareholders. h. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $10,000. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands {i.e., 10,000 should be entered as 10}. Amounts to be deducted should be indicated with a minus sign.) DUX COMPANY Statement of Cash Flows For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities