Required information

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	$	51			$	40
Accounts receivable		64				80
Less: Allowance for uncollectible accounts		(6	)			(5	)
Dividends receivable		3				2
Inventory		95				90
Long-term investment		53				48
Land		105				80
Buildings and equipment		182				230
Less: Accumulated depreciation		(60	)			(100	)
	$	487			$	465
Liabilities
Accounts payable	$	38			$	66
Salaries payable		4				8
Interest payable		6				5
Income tax payable		11				12
Notes payable		25				0
Bonds payable		90				65
Less: Discount on bonds		(4	)			(5	)
Shareholders' Equity
Common stock		210				200
Paid-in capitalexcess of par		24				20
Retained earnings		91				94
Less: Treasury stock (at cost)		(9	)			0
	$	487			$	465

DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s)
Revenues
Sales revenue	$	360
Dividend revenue		3		$	363
Expenses
Cost of goods sold	$	240
Salaries expense		36
Depreciation expense		8
Bad debt expense		1
Interest expense		9
Loss on sale of building		2
Income tax expense	$	44			340
Net income				$	23

Additional information from the accounting records:

A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $14,000.

The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.

Property was acquired by issuing a 14%, seven-year, $25,000 note payable to the seller.

New equipment was purchased for $16,000 cash.

On January 1, 2018, bonds were sold at their $25,000 face value.

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.

Cash dividends of $11,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $9,000.

Cash Beg. Bal. Operating Activities From customers From dividends received 40 o suppliers of goods To employees For interest For income taxes Investing Activities: Sale of building Purchase of LT investment Purchase of equipment Financing Activities: Sale of bonds payable Purchase of treasury stock Payment of cash dividends End. Bal. 40