Saved 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 000) 2018 2017 Assets Cash Accounts receivable Less! Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation 5 65 60 (5) 5 87 47 135 209 (41) $ 565 $36 79 (4) 2 66 26 72 282 (82) $ 47% Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Lesst Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less Treasury stock 5 29 5 2 23 66 127 (18) $ 52 8 4 25 0 86 (35) 226 40 84 (24) 5.569 216 36 B5 $ 477 DUX COMPANY Income Statement For Year Ended December 31, 2018 (5 in 000) Revenues Sales revenue $ 345 Dividend revenue 5 5 350 Expenses Cost of goods sold 136 Salaries expense 41 Depreciation expense 37 Bad debt expense 1 Interest expense Loss on sale of building W Saved 85 Retained earnings Less Treasury stock 34 (24) $ 472 7 DUX COMPANY Tacome Statement For Year Ended December 31, 2018 (5 in ) Revenues Sales revenue Dividend revenue 5 $350 Expenses Cost of goods sold Salaries expense 41 Depreciation expense 37 Bad debt expense 1 Interest expense 24 Loss on sale of building 6 Income tax expense 13 228 Net Incone $72 136 Additional information from the accounting records a. A building that originally cost $104,000, and which was three-fourths deprecated, was sold for $20,000. b. The common stock of Byrd Corporation was purchased for $21000 as a long-term investment, c Property was acquired by issuing a 12%, seven year, $66.000 note payable to the seller. d. New equipment was purchased for $31,000 cash On January 1, 2018, bonds were sold at their $41,000 face value E on January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the S10 par value common stock was 514 per share at that time 9 Cash dividends of $59.000 were paid to shareholders h On November 48,000 shares of common stock were repurchased as treasury stock at a cost of $24,000. Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (ie, 10,000 should be entered os 10).)) DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 (in 000) Cash rows from operating acties Net income 5 72 11.21 HW Saved 7 Statement of Cash Flows For year ended December 31, 2018 15 in 000) Cash flows from operating activities: Net income Adjustments for noncash effects. 72 Changes in operating assets and liabilities $ 72 0 Mc Ch.21 HW Saved 7 $ 72 0 0 Cash balance, January 1 $ 0 Noncash investing and financing activities Mc GE PPV