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The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company. Additional information from Duxs accounting records is provided also.

DUX COMPANY
Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	2024	2023
Assets
Cash	$ 303	$ 210
Accounts receivable	68	70
Less: Allowance for uncollectible accounts	(4)	(3)
Dividends receivable	23	12
Inventory	85	70
Long-term investment	65	60
Land	140	90
Buildings and equipment	435	460
Less: Accumulated depreciation	(75)	(90)
	$ 1,040	$ 879
Liabilities
Accounts payable	$ 33	$ 40
Salaries payable	12	15
Interest payable	14	12
Income tax payable	17	18
Notes payable	50	0
Bonds payable	375	270
Less: Discount on bonds	(12)	(13)
Shareholders' Equity
Common stock	310	300
Paid-in capitalexcess of par	84	70
Retained earnings	165	167
Less: Treasury stock	(8)	0
	$ 1,040	$ 879

DUX COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in thousands)
Revenues
Sales revenue	$ 400
Dividend revenue	23	$ 423
Expenses
Cost of goods sold	$ 240
Salaries expense	35
Depreciation expense	15
Bad debt expense	1
Interest expense	28
Loss on sale of building	3
Income tax expense	$ 36	358
Net income		$ 65

Additional information from the accounting records:

1. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.
2. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.
3. Property was acquired by issuing a 13%, seven-year, $50,000 note payable to the seller.
4. New equipment was purchased for $15,000 cash.
5. On January 1, 2024, bonds were sold at their $105,000 face value.
6. On January 19, Dux issued a stock dividend (1,000 shares). The market price of the $10 par value common stock was $24 per share at that time.
7. Cash dividends of $43,000 were paid to shareholders.
8. On November 12, 1,500 shares of common stock were repurchased as treasury stock at a cost of $8,000.

Required:

1. Prepare the T-account for Dux Company.

Note: Enter your answers in thousands. (i.e., 10,000 should be entered as 10).