a. A building that originally cost $48,000, and which was three-fourths depreciated, was sold for $8,000.

b. The common stock of Byrd Corporation was purchased for $3,000 as a long-term investment.

c. Property was acquired by issuing a 10%, seven-year, $20,000 note payable to the seller.

d. New equipment was purchased for $22,000 cash.

e. On January 1, 2018, 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 $11,000.

DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (s in 000s) 2018 2017 AssetS Cash Accounts receivable $ 55 27 56 41 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 95 27 95 194 90 220 60 Less: Accumulated depreciation $476 435 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable $ 76 83 10 10 7 20 80 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 210 200 20 58 (11) e $476 435 56 Less: Treasury stock (at cost) DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues $ 270 Sales revenue Dividend revenue 6 ?276 Expenses $ 160 39 10 Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense 8 4 $ 30 252 $ 24 Net income DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (s in 000s) 2018 2017 AssetS Cash Accounts receivable $ 55 27 56 41 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 95 27 95 194 90 220 60 Less: Accumulated depreciation $476 435 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable $ 76 83 10 10 7 20 80 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 210 200 20 58 (11) e $476 435 56 Less: Treasury stock (at cost) DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues $ 270 Sales revenue Dividend revenue 6 ?276 Expenses $ 160 39 10 Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense 8 4 $ 30 252 $ 24 Net income