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. 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 provide

also. Additional information from the accounting records:

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

$$13,000.$

b$.$ The common stock of Byrd Corporation was purchased for $$6,000$ as a long$-$term investment.

c$.$ Property was acquired by issuing a $13\%,$ seven$-$year, $$20,000$ note payable to the seller.

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

e$.$ On January $1,2024,$ bonds were sold at their $$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 $$14,000$ were paid to shareholders.

h$.$ On November $12,1,000$ shares of common stock were repurchased as treasury stock at a cost

of $$8,000.$

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. $\backslash$table$[[$DUX COMPANY$],[$Statement of Cash Flows$],[$For the year ended December $31,2024],[($$ in thousands$)],[$Cash flows from operating activities:$],[$Cash inflows:$],[$From customers,$366,,],[$From dividends received$],[,,],[$Cash outflows:$],[$To suppliers of goods$],[$To employees$],[$For interest$],[$For income taxes$],[,,],[,,],[,,],[$Net cash flows from operating activities,,$$,366],[$Cash flows from investing activities:$],[$Sale of building$],[$Purchase of long$-$term investment$],[$Purchase of equipment$],[,,],[$Net cash flows from investing activities,,$0],[$Cash flows from financing activities:$],[$Sale of bonds payable$],[$Payment of dividends$],[$Purchase of treasury stock$],[,,],[,,]]\backslash$table$[[$Net cash flows from financing activities,,$],[$Net increase $($decrease$)$ in cash,,$],[$Cash balance, January $1,,],[$Cash balance, December $31,,$$$],[$Noncash investing and financing activities:,,$],[$Acquired land,,$]]$

DUX COMPANY

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

$20242023$

Assets

Cash $ $102$ $ $48$

Accounts receivable $5367$

Less: Allowance for uncollectible accounts $(3)(2)$

Dividends receivable $54$

Inventory $9085$

Long$-$term investment $5246$

Land $9575$

Buildings and equipment $202220$

Less: Accumulated depreciation $(52)(90)$

$ $544$ $ $453$

Liabilities

Accounts payable $ $37$ $ $64$

Salaries payable $27$

Interest payable $104$

Income tax payable $1011$

Notes payable $200$

Bonds payable $8560$

Less: Discount on bonds $(3)(4)$

Shareholders' Equity

Common stock $210200$

Paid$-$in capital$$excess of par $2420$

Retained earnings $15791$

Less: Treasury stock $(8)0$

$ $544$ $ $453$

DUX COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Revenues

Sales revenue $ $380$

Dividend revenue $5$ $ $385$

Expenses

Cost of goods sold $210$

Salaries expense $34$

Depreciation expense $7$

Bad debt expense $1$

Interest expense $8$

Loss on sale of building $2$

Income tax expense $29291$

Net income $ $94$

Additional information from the accounting records:

A building that originally cost $$60,000,$ and which was three$-$fourths depreciated, was sold for $$13,000.$

The common stock of Byrd Corporation was purchased for $$6,000$ as a long$-$term investment.

Property was acquired by issuing a $13\%,$ seven$-$year, $$20,000$ note payable to the seller.

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

On January $1,2024,$ bonds were sold at their $$25,000$ 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 $$14,000$ were paid to shareholders.

On November $12,1,000$ shares of common stock were repurchased as treasury stock at a cost of $$8,000.$

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.