Question: Problem 21.4 (Algo) Statement of cash flows; dlrect method [LO21-3, 21-8] The comporative balance sheets for 2024 and 2023 and the stotement of income for
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Problem 21.4 (Algo) Statement of cash flows; dlrect method [LO21-3, 21-8] The comporative balance sheets for 2024 and 2023 and the stotement of income for 2024 ore given below for Dux Compony. Additionsl information from Dux's accounting records is provided slso. Additional information from the accounting records: a. A building that originally cost $56,000, and which wos three-fourths deprecisted, wos sold for $5,000. b. The common stock of Byrd Corporation wss purchssed for $3,000 ss a long-term investment. c. Property was acquired by issuing o 12%, seven-year, $30,000 note poyoble to the seller. d. New equipment wos purchased for $24,000cosh. 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 st that time. g. Cosh dividends of $14,000 were peid to shareholders. h. On November 12, 500 shores of common stock were repurchused os tressury stock at a cost of $4,000. Required: Prepore the stotement of cash flows of Dux Company for the yeor ended December 31, 2024. Present cosh flows from opersting sctivities by the direct method. Note: Do not round your Intermedlate 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. ( ) Answer is not complete
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