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QUESTION

The comparative balance sheets for 2015 and 2515 and the statement of income for 2015 are given belovir for Dun: Company. Additional irtlom'iation

Required:Prepare the statement of cash flows of Dux Company for the year ended December 31, 2016. 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.)

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The comparative balance sheets for 2015 and 2515 and the statement of income for 2015 are given belovirfor Dun: Company. Additional irtlom'iation from Dux's all-u cling records is provided also. DUI GDMPANYGorrparalive Hm SheetsDecanter 31. 2515 and 2515 {5 in 055s}2515 2515AssetsCash 5 4? $ 25Accounts receivable 4B 53Dividends receivable 5 4Inventory 55 EDLong—term investment 25 22Land 1 [it] mBuildings and equipment 15? 210'Less: Accumulated depreciation [25] {50}5 ll?! 5 415LiabilitiesAccounts payable 5 52 5 T3Salaries payable 5 9Interest payable 5 4Income tax payable 4 5Notes payabie 3!] I)Bonds payable ?5 55Less: Discount on bonds [1] {2}Shareholders‘ EquityCommon stock 21!} 200Paid—in capital—excess of par 24 2|].Retained earnings 55 55Less: Treasury stock {at cost} [15] fl 5 ll?2 $ 415
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