Problem 21-19 Statement of cash flows; T-account method [LO21-3, 21-8] The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Duxs accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 48 $ 23 Accounts receivable 39 54 Less: Allowance for uncollectible accounts (5 ) (4 ) Dividends receivable 6 5 Inventory 55 50 Long-term investment 19 16 Land 75 55 Buildings and equipment 266 280 Less: Accumulated depreciation (62 ) (80 ) $ 441 $ 399 Liabilities Accounts payable $ 31 $ 33 Salaries payable 1 6 Interest payable 8 5 Income tax payable 7 8 Notes payable 20 0 Bonds payable 110 85 Less: Discount on bonds (3 ) (4 ) Shareholders' Equity Common stock 210 200 Paid-in capitalexcess of par 24 20 Retained earnings 39 46 Less: Treasury stock (at cost) (7 ) 0 $ 441 $ 399 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 230 Dividend revenue 6 $ 236 Expenses Cost of goods sold $ 135 Salaries expense 31 Depreciation expense 6 Bad debt expense 1 Interest expense 8 Loss on sale of building 5 Income tax expense $ 26 212 Net income $ 24 Additional information from the accounting records: a.A building that originally cost $32,000, and which was three-fourths depreciated, was sold for $3,000. b.The common stock of Byrd Corporation was purchased for $3,000 as a long-term investment. c.Property was acquired by issuing a 12%, seven-year, $20,000 note payable to the seller. d.New equipment was purchased for $18,000 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 $16,000 were paid to shareholders. h.On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $7,000. Problem 21-19 Part 1 Required: Prepare the T-accounts for Dux Company. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)