Question: Problem 21-4A Prepare a statement of cash flows; direct method The comparative balance sheets for 2018 and 2017 and the statement of income for 2018


Problem 21-4A Prepare a statement of cash flows; direct method 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. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 107 46 S 47 64 Accounts receivable Dividends receivable 85 51 85 195 80 Long-term investment Land Buildings and equipment 210 $438 S 59 529 Liabilities Accounts payable Salaries payabla Interest payable Income tax payable Notes payable Bonds payable S 40 10 15 80 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 210 24 153 200 20 Less: Treasury stock (at cost) (12)0 $438 529
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