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The comparative balance sheets for $2024$ and $2023$ and the statement of income for $2024$ are given below 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$)$

$20242023$

Assets

Cash $ $75\mathrm{.}0$ $ $27\mathrm{.}0$

Accounts receivable $55\mathrm{.}057\mathrm{.}0$

Less: Allowance for uncollectible accounts $(3\mathrm{.}0)(2\mathrm{.}0)$

Dividends receivable $10\mathrm{.}09\mathrm{.}0$

Inventory $62\mathrm{.}057\mathrm{.}0$

Long$-$term investment $22\mathrm{.}017\mathrm{.}0$

Land $77\mathrm{.}040\mathrm{.}0$

Buildings and equipment $197\mathrm{.}0257\mathrm{.}0$

Less: Accumulated depreciation $(15\mathrm{.}0)(85\mathrm{.}0)$

$ $480\mathrm{.}0$ $ $377\mathrm{.}0$

Liabilities

Accounts payable $ $20\mathrm{.}0$ $ $27\mathrm{.}0$

Salaries payable $9\mathrm{.}012\mathrm{.}0$

Interest payable $11\mathrm{.}09\mathrm{.}0$

Income tax payable $14\mathrm{.}015\mathrm{.}0$

Notes payable $37\mathrm{.}00$

Bonds payable $97\mathrm{.}065\mathrm{.}0$

Less: Discount on bonds $(2\mathrm{.}0)(3\mathrm{.}0)$

Shareholders' Equity

Common stock $210\mathrm{.}0200\mathrm{.}0$

Paid$-$in capital$$excess of par $24\mathrm{.}020\mathrm{.}0$

Retained earnings $68\mathrm{.}032\mathrm{.}0$

Less: Treasury stock $(8\mathrm{.}0)0$

$ $480\mathrm{.}0$ $ $377\mathrm{.}0$

DUX COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Revenues

Sales revenue $ $305\mathrm{.}0$

Dividend revenue $10\mathrm{.}0$ $ $315\mathrm{.}0$

Expenses

Cost of goods sold $134\mathrm{.}0$

Salaries expense $39\mathrm{.}0$

Depreciation expense $2\mathrm{.}0$

Bad debt expense $1\mathrm{.}0$

Interest expense $22\mathrm{.}0$

Loss on sale of building $17\mathrm{.}0$

Income tax expense $30\mathrm{.}0245\mathrm{.}0$

Net income $ $70\mathrm{.}0$

Additional information from the accounting records:

A building that originally cost $$96,000,$ and which was three$-$fourths depreciated, was sold for $$7,000.$

The common stock of Byrd Corporation was purchased for $$5,000$ as a long$-$term investment.

Property was acquired by issuing a $13\%,$ seven$-$year, $$37,000$ note payable to the seller.

New equipment was purchased for $$36,000$ cash.

On January $1,2024,$ bonds were sold at their $$32,000$ 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 $$20,000$ were paid to shareholders.

On November $12,12,500$ shares of common stock were repurchased as treasury stock at a cost of $$8,000.$

Required:

Prepare the statement of cash flows for Dux Company using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands $($i$.$e$.,10,000$ should be entered as $10).$

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