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Additional information from the accounting records: a. A building that originally cost $152,000, and which was three-fourths depreciated, was sold for $7,000. b. The common
Additional information from the accounting records: a. A building that originally cost $152,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing a 13%, seven-year, $44,000 note payable to the seller. d. New equipment was purchased for $57,000 cash. e. On January 1,2024 , bonds were sold at their $39,000 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 $27,000 were paid to shareholders. h. On November 12,12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000. 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
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