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Income tax expense The comparative balance sheets for 2 0 2 4 and 2 0 2 3 and the statement of income for 2 0

Income tax expense 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.
Net income
\table[[$48,400],[$89]]
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 $5,000 as a long-term investment.
c. Property was acquired by issuing a 13%, seven-year, $62,000 note payable to the seller.
d. New equipment was purchased for $15,000 cash.
e. On January 1,2024, bonds were sold at their $153,000 face value.
f. On January 19, Dux issued a stock dividend (1,000 shares). The market price of the $10 par value common stock $30 per share at that time.
g. Cash dividends of $61,000 were paid to shareholders.
h. On November 12,2,100 shares of common stock were repurchased as treasury stock at a cost of $8,000.
Required:
Prepare the T-account for Dux Company.
Note: Enter your answers in thousands. (i.e.,10,000 should be entered as 10).
\table[[Cash],[Beginning Balance,324,0],[Operating Activities:],[From customers,,To suppliers of goods],[From dividends received,,To employees],[,For interest],[,For income taxes],[Investing Activities:],[Sale of building,,Purchase of long-term investment],[,Purchase of equipment],[,,],[Financing Activities:],[Sale of bonds payable,,Payment of dividends],[,Purchase of treasury stock],[Ending Balance,324,]]
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