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The comparative balance sheets for 2015 and 2515 and the statement of income for 2015 are given belovir for Dun: Company. Additional irtlom'iation from Dux's

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The comparative balance sheets for 2015 and 2515 and the statement of income for 2015 are given belovir for Dun: Company. Additional irtlom'iation from Dux's all-u cling records is provided also. DUI GDMPANY Gorrparalive Hm Sheets Decanter 31. 2515 and 2515 {5 in 055s} 2515 2515 Assets Cash 5 4? $ 25 Accounts receivable 4B 53 Dividends receivable 5 4 Inventory 55 ED Longterm investment 25 22 Land 1 [it] m Buildings and equipment 15? 210' Less: Accumulated depreciation [25] {50} 5 ll?! 5 415 Liabilities Accounts payable 5 52 5 T3 Salaries payable 5 9 Interest payable 5 4 Income tax payable 4 5 Notes payabie 3!] I) Bonds payable ?5 55 Less: Discount on bonds [1] {2} Shareholders' Equity Common stock 21!} 200 Paidin capitalexcess of par 24 2|]. Retained earnings 55 55 Less: Treasury stock {at cost} [15] 5 ll?2 $ 415 DUI COMPIENY Income Stahment ForYear Ended Decanter 31. 2010 {$ in 000s} Raven uea Sales revenue $ 200 Dividend revenue 5 $ 205 Expenses Cost of goods sold 150 Salaries expense 3? Depreciation expense 0 Interest expense 0 Loss on sale of building 4 Income tax expense 1Q 22? Net income $ 30 Additionai information ti'om the amounting records: a. A building that originally cost $44 000 and which was ihreeJo-urths depreciated was sold for $1\" 000. b. The common stock of Byrd Corporation was purchased for $4 000 as a longtenn investment. c. Property was acquired by issuing a 15%, sevenyear, $30,000 note payable to the seller. d. New equipment was purchased for $21,000 cash. a. On January 1, 2010. bands were sold at their $25,000 face value. 1' On January 10, 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 $14,000 were paid to shareholders. On November '12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $10,000. .3\"? Requlred: Prepare the statement of cash flaws ef Dux Gnmpn'f fer the year ended December 31, 201E. Preeent eaeh aws tram eparating activities by the direct med-led. [De net reund your Intermediate eeleula'tiene. Enter yeur answers in 'leueende {I.e.. emu eheuld he entered as 5]. Ameunte he be deducted eheuld be Indicated with a minus sign.) T

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