Problem $21-4($Algo$)$ Statement of cash flows; direct method $[$LO$21-3,21-8]$

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.

Additional information from the accounting records:

a$.$ A building that originally cost $$60,000,$ and which was three$-$fourths depreciated, was sold for $$8,000.$

b$.$ The common stock of Byrd Corporation was purchased for $$2,000$ as a long$-$term investment.

c$.$ Property was acquired by issuing a $13\%,$ seven$-$year, $$35,000$ note payable to the seller.

d$.$ New equipment was purchased for $$25,000$ cash.

e$.$ On January $1,2024,$ bonds were sold at their $$25,000$ 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 $$11,000$ were paid to shareholders.

h$.$ On November $12,500$ shares of common stock were repurchased as treasury stock at a cost of $$6,000$

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.

Note: 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.