The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Company. Additional information from Duxs accounting records is provided also.

DUX COMPANY

Comparative Balance Sheets

December 31, 2016 and 2015 ($ in 000s)

Year

Assets 2016 2015

Cash $ 63 25

Accounts Receivable 38 52

Dividends Receivable 4 3

Inventory 75 70

L/T Investment 22 20

Land 85 65

Buildings and equipment 180 200

Less: Accumulated depreciation (18) (40)

$ 449 $ 395

Liabilities

Accounts payable $ 11 $ 13

Salaries payable 4 8

Interest payable 6 3

Income tax payable 9 10

Notes payable 20 0

Bonds payable 120 95

Less: Discount on bonds (5) (6)

Shareholders Equity

Common stock 210 200

Paid-in capitalexcess of par 24 20

Retained earnings 59 52

Less: Treasury Stock (at cost) (9) 0

$ 449 $ 395

DUX COMPANY

Income Statement

For the Year Ended December 31, 2016

($ in 000s)

Revenues

Sales Revenue 250

Dividend Revenue 4 $254

____

Expenses

Costs of goods sold 145

Salaries expense 35

Depreciation expense 8

Interest expense 10

Loss on sale of building 4

Income tax expense 18 220

____ _____

Net income $ 34

Additional information from the accounting records:

a.	A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $6,000.
b.	The common stock of Byrd Corporation was purchased for $2,000 as a long-term investment.
c.	Property was acquired by issuing a (expression error)%, seven-year, $20,000 note payable to the seller.
d.	New equipment was purchased for $20,000 cash.
e.	On January 1, 2016, 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 $13,000 were paid to shareholders.
h.	On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $9,000.

Required:

Prepare the statement of cash flows of Dux Company for the year ended December 31, 2016. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

DUX COMPANY

Statement of Cash Flows

For year ended December 31, 2016 ($ in 000s)

Cash inflows:

Cash outflows: