The comparatlve balance sheets for 2024 and 2023 and the statement of...

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Accounting

The comparatlve balance sheets for 2024 and 2023 and the statement of Income for 2024 are given below for Dux Company. Additional information from the accounting records:
a. A bullding that originally cost $40,000, and which was three-fourths depreclated, 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 Issulng a 14%, seven-year, $20,000 note payable to the seller.
d. New equipment was purchased for $20,000 cash.
e. On January 1,2024, bonds were sold at thelr $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 31,2024. Present cash flows from operating
actlvitles by the direct method.
Note: Do not round your Intermedlate calculatlons. Enter your answers In thousands (I.e.,10,000 should be entered as 10).
Amounts to be deducted should be Indlcated with a minus sign.
Additional Information from Dux's accounting records is provided also.
Additional information from the accounting records:
a. A bullding 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 issulng a 14%, seven-year, $20,000 note payable to the seller.
d. New equipment was purchased for $20,000 cash.
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