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The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash $ 87 $ 32 Accounts receivable 43 63 Less: Allowance for uncollectible accounts (5 ) (4 ) Dividends receivable 6 5 Inventory 60 55 Long-term investment 36 34 Land 60 45 Buildings and equipment 270 270 Less: Accumulated depreciation (41 ) (60 ) $ 516 $ 440 Liabilities Accounts payable $ 22 $ 48 Salaries payable 5 8 Interest payable 6 2 Income tax payable 10 12 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 128 73 Less: Treasury stock (7 ) 0 $ 516 $ 440 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 320 Dividend revenue 6 $ 326 Expenses Cost of goods sold 180 Salaries expense 22 Depreciation expense 8 Bad debt expense 1 Interest expense 7 Loss on sale of building 1 Income tax expense 24 243 Net income $ 83 Additional information from the accounting records: A building that originally cost $36,000, and which was three-fourths depreciated, was sold for $8,000. The common stock of Byrd Corporation was pu rchased for $2,000 as a long-term investment. Property was acquired by issuing a 15%, seven-year, $15,000 note payable to the seller. New equipment was purchased for $36,000 cash. On January 1, 2021, 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, 500 shares of common stock were repurchased as treasury stock at a cost of $7,000. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (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.)

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