Question

The comparative balance sheets for 2016 and 2015 and thestatement of income for 2016 are given below for Dux Company.Additional information from Dux's accounting records is providedalso.

DUX COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
		2016		2015
Assets
Cash	$	59	$	23
Accountsreceivable		34		50
Dividendsreceivable		6		5
Inventory		55		50
Long-terminvestment		19		16
Land		75		55
Buildings andequipment		266		280
Less: Accumulateddepreciation		(62)		(80)
	$	452	$	399
Liabilities
Accountspayable	$	31	$	33
Salariespayable		1		6
Interestpayable		8		5
Income taxpayable		7		8
Notes payable		20		0
Bonds payable		110		85
Less: Discount on bonds		(3)		(4)
Shareholders' Equity
Common stock		210		200
Paid-incapital—excess of par		24		20
Retainedearnings		51		46
Less: Treasury stock (atcost)		(7)		0
	$	452	$	399

DUX COMPANY Income Statement For Year Ended December 31, 2016 ($ in 000s)
Revenues
Sales revenue	$	230
Dividend revenue		6	$	236
Expenses
Cost of goods sold		135
Salaries expense		31
Depreciation expense		6
Interest expense		8
Loss on sale of building		5
Income tax expense		16		201
Netincome			$	35

Additional information fromthe accounting records:

a.	A building that originally cost$32,000, and which was three-fourths depreciated, was sold for$3,000.
b.	The common stock of ByrdCorporation was purchased for $3,000 as a long-terminvestment.
c.	Property was acquired by issuinga 12%, seven-year, $20,000 note payable to the seller.
d.	New equipment was purchased for$18,000 cash.
e.	On January 1, 2016, bonds weresold at their $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 pershare at that time.
g.	Cash dividends of $16,000 werepaid to shareholders.
h.	On November 12, 500 shares of common stock were repurchased astreasury stock at a cost of $7,000.

Required:

Prepare the statement of cash flows of Dux Company for the yearended December 31, 2016. Present cash flows from operatingactivities by the direct method. (Do not round yourintermediate calculations. Enter your answers in thousands (i.e.,5,000 should be entered as 5). Amounts to be deducted should beindicated with a minus sign.)