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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 and and the statement of income for are given below for Dux
Company. Additional information from Dux's accounting records is provided also.
Net income
table$$
Additional information from the accounting records:
a A building that originally cost $ and which was threefourths depreciated, was sold for $
b The common stock of Byrd Corporation was purchased for $ as a longterm investment.
c Property was acquired by issuing a sevenyear, $ note payable to the seller.
d New equipment was purchased for $ cash.
e On January bonds were sold at their $ face value.
f On January Dux issued a stock dividend shares The market price of the $ par value common stock $ per share at that time.
g Cash dividends of $ were paid to shareholders.
h On November shares of common stock were repurchased as treasury stock at a cost of $
Required:
Prepare the Taccount for Dux Company.
Note: Enter your answers in thousands. ie should be entered as
tableCashBeginning Balance,Operating Activities:From customers,,To suppliers of goodsFrom dividends received,,To employeesFor interestFor income taxesInvesting Activities:Sale of building,,Purchase of longterm investmentPurchase of equipmentFinancing Activities:Sale of bonds payable,,Payment of dividendsPurchase of treasury stockEnding Balance,
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