(Solved): The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given be ...

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. Additional information from the accounting records: a. A building that originally cost $\$40,000$, and which was three-fourths depreciated, was sold for $\$7,000$. b. The common stock of Byrd Corporation was purchased for $\$4,000$ as a long-term investment. c. Property was acquired by issuing a $14\%$, seven-year, $\$20,000$ note payable to the seller. d. New equipment was purchased for $\$37,000$ cash. e. On January 1,2024 , bonds were sold 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 $\$14$ per share at that time. g. Cash dividends of $\$11,000$ were paid to shareholders. h. On November $12,1,000$ shares of common stock were repurchased as treasury stock at a cost of $\$8,000$. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2024. Present cash flows from operating activities by the direct method. Note: 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. DUX COMPANY Statement of Cash Flows For the year ended December 31, 2024 (\$ in thousands) Cash flows from operating activities: Cash inflows: From customers From dividends received Cash outflows: