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.

DUX COMPANY

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

$20242023$

Assets

Cash $ $67$ $ $34$

Accounts receivable $5563$

Less: Allowance for uncollectible accounts $(3)(2)$

Dividends receivable $43$

Inventory $7065$

Long$-$term investment $4238$

Land $8055$

Buildings and equipment $284290$

Less: Accumulated depreciation $(57)(80)$

$ $542$ $ $466$

Liabilities

Accounts payable $ $34$ $ $61$

Salaries payable $610$

Interest payable $64$

Income tax payable $47$

Notes payable $250$

Bonds payable $11590$

Less: Discount on bonds $(4)(5)$

Shareholders' Equity

Common stock $210200$

Paid$-$in capital$$excess of par $2420$

Retained earnings $13179$

Less: Treasury stock $(9)0$

$ $542$ $ $466$

DUX COMPANY

Income Statement

For the Year Ended December $31,2024$

$($$ in thousands$)$

Revenues

Sales revenue $ $340$

Dividend revenue $4$ $ $344$

Expenses

Cost of goods sold $190$

Salaries expense $26$

Depreciation expense $10$

Bad debt expense $1$

Interest expense $9$

Loss on sale of building $3$

Income tax expense $26265$

Net income $ $79$

Additional information from the accounting records:

A building that originally cost $$44,000,$ and which was three$-$fourths depreciated, was sold for $$8,000.$

The common stock of Byrd Corporation was purchased for $$4,000$ as a long$-$term investment.

Property was acquired by issuing a $13\%,$ seven$-$year, $$25,000$ note payable to the seller.

New equipment was purchased for $$38,000$ cash.

On January $1,2024,$ 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 $$13,000$ were paid to shareholders.

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