The comparative balance sheets for Dux Company. Additional information from Dux's accounting records is provided also.

DUX COMPANY
Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	2024	2023
Assets
Cash	$ 65	$ 22
Accounts receivable	33	52
Less: Allowance for uncollectible accounts	(4)	(3)
Dividends receivable	5	4
Inventory	45	40
Long-term investment	18	14
Land	65	50
Buildings and equipment	259	270
Less: Accumulated depreciation	(54)	(70)
	$ 432	$ 379
Liabilities
Accounts payable	$ 21	$ 23
Salaries payable	2	5
Interest payable	7	4
Income tax payable	6	7
Notes payable	15	0
Bonds payable	105	80
Less: Discount on bonds	(2)	(3)
Shareholders' Equity
Common stock	210	200
Paid-in capitalexcess of par	24	20
Retained earnings	50	43
Less: Treasury stock	(6)	0
	$ 432	$ 379

DUX COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 220
Dividend revenue	5	$ 225
Expenses
Cost of goods sold	130
Salaries expense	29
Depreciation expense	5
Bad debt expense	1
Interest expense	7
Loss on sale of building	3
Income tax expense	14	189
Net income		$ 36

Additional information from the accounting records:

A building that originally cost $28,000, and which was three-fourths depreciated, was sold for $4,000.

The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment.

Property was acquired by issuing a 11%, seven-year, $15,000 note payable to the seller.

New equipment was purchased for $17,000 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 $15,000 were paid to shareholders.

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.