The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 51 $ 40 Accounts receivable 64 80 Less: Allowance for uncollectible accounts (6 ) (5 ) Dividends receivable 3 2 Inventory 95 90 Long-term investment 53 48 Land 105 80 Buildings and equipment 182 230 Less: Accumulated depreciation (60 ) (100 ) $ 487 $ 465 Liabilities Accounts payable $ 38 $ 66 Salaries payable 4 8 Interest payable 6 5 Income tax payable 11 12 Notes payable 25 0 Bonds payable 90 65 Less: Discount on bonds (4 ) (5 ) Shareholders' Equity Common stock 210 200 Paid-in capital—excess of par 24 20 Retained earnings 91 94 Less: Treasury stock (at cost) (9 ) 0 $ 487 $ 465 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 360 Dividend revenue 3 $ 363 Expenses Cost of goods sold $ 240 Salaries expense 36 Depreciation expense 8 Bad debt expense 1 Interest expense 9 Loss on sale of building 2 Income tax expense $ 44 340 Net income $ 23 Additional information from the accounting records: A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $14,000. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. Property was acquired by issuing a 14%, seven-year, $25,000 note payable to the seller. New equipment was purchased for $16,000 cash. On January 1, 2018, 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 $11,000 were paid to shareholders. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $9,000. Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 51 $ 40 Accounts receivable 64 80 Less: Allowance for uncollectible accounts (6 ) (5 ) Dividends receivable 3 2 Inventory 95 90 Long-term investment 53 48 Land 105 80 Buildings and equipment 182 230 Less: Accumulated depreciation (60 ) (100 ) $ 487 $ 465 Liabilities Accounts payable $ 38 $ 66 Salaries payable 4 8 Interest payable 6 5 Income tax payable 11 12 Notes payable 25 0 Bonds payable 90 65 Less: Discount on bonds (4 ) (5 ) Shareholders' Equity Common stock 210 200 Paid-in capital—excess of par 24 20 Retained earnings 91 94 Less: Treasury stock (at cost) (9 ) 0 $ 487 $ 465 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 360 Dividend revenue 3 $ 363 Expenses Cost of goods sold $ 240 Salaries expense 36 Depreciation expense 8 Bad debt expense 1 Interest expense 9 Loss on sale of building 2 Income tax expense $ 44 340 Net income $ 23 Additional information from the accounting records: A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $14,000. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. Property was acquired by issuing a 14%, seven-year, $25,000 note payable to the seller. New equipment was purchased for $16,000 cash. On January 1, 2018, 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 $11,000 were paid to shareholders. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $9,000. Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis.

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.

Additional information from the accounting records:

A building that originally cost $72,000, and which was three-fourths depreciated, was sold for $12,000.

The common stock of Byrd Corporation was purchased for $13,000 as a long-term investment.

Property was acquired by issuing a 15%, seven-year, $50,000 note payable to the seller.

New equipment was purchased for $23,000 cash.

On January 1, 2018, bonds were sold at their $33,000 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 $12 per share at that time.

Cash dividends of $35,000 were paid to shareholders.

On November 32,000 shares of common stock were repurchased as treasury stock at a cost of $16,000.

Required:
Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. 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).))

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Wright Company. Additional information from Wright's accounting records is provided also.

Additional information from the accounting records:

1. Land that originally cost $17,000 was sold for $12,000.
2. The common stock of Microsoft Corporation was purchased for $27,000 as a short-term investment not classified as a cash equivalent.
3. New equipment was purchased for $130,000 cash.
4. A $26,000 note was paid at maturity on January 1.
5. On January 1, 2018, bonds were sold at their $52,000 face value.
6. Common stock ($70,000 par) was sold for $90,000.
7. Net income was $70,000 and cash dividends of $45,000 were paid to shareholders.

Required:
Prepare the statement of cash flows of Wright Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 5,000 should be entered as 5).)

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.

Additional information from the accounting records:

A building that originally cost $56,000, and which was three-fourths depreciated, was sold for $12,000.

The common stock of Byrd Corporation was purchased for $7,000 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 $14,000 cash.

On January 1, 2018, 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 $12,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $12,000.

Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.

Additional information from the accounting records:

A building that originally cost $56,000, and which was three-fourths depreciated, was sold for $12,000.

The common stock of Byrd Corporation was purchased for $7,000 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 $14,000 cash.

On January 1, 2018, 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 $12,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $12,000.

Required:
Prepare the T-accounts for Dux Company. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

Additional information from the accounting records:

A building that originally cost $56,000, and which was three-fourths depreciated, was sold for $12,000.

The common stock of Byrd Corporation was purchased for $7,000 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 $41,000 cash.

On January 1, 2018, 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 $12,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $12,000.

Required:
Prepare the statement of cash flows of Dux Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

Additional information from the accounting records:

A building that originally cost $60,000, and which was three-fourths depreciated, was sold for $8,000.

The common stock of Byrd Corporation was purchased for $2,000 as a long-term investment.

Property was acquired by issuing a 13%, seven-year, $35,000 note payable to the seller.

New equipment was purchased for $25,000 cash.

On January 1, 2018, 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 $11,000 were paid to shareholders.

On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $6,000.

Required:
Prepare the statement of cash flows of Dux Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)