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	$	47			$	27
Accounts receivable		51				61
Less: Allowance for uncollectible accounts		(3	)			(2	)
Dividends receivable		5				4
Inventory		69				57
Long-term investment		29				17
Land		96				50
Buildings and equipment		218				264
Less: Accumulated depreciation		(32	)			(64	)
	$	480			$	414
Liabilities
Accounts payable	$	20			$	34
Salaries payable		5				8
Interest payable		7				6
Income tax payable		14				16
Notes payable		46				0
Bonds payable		109				77
Less: Discount on bonds		(9	)			(17	)
Shareholders' Equity
Common stock		217				207
Paid-in capitalexcess of par		28				27
Retained earnings		58				56
Less: Treasury stock		(15	)			0
	$	480			$	414

DUX COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s)
Revenues
Sales revenue	$	261
Dividend revenue		6		$	267
Expenses
Cost of goods sold		127
Salaries expense		32
Depreciation expense		19
Bad debt expense		1
Interest expense		15
Loss on sale of building		3
Income tax expense		24			221
Net income				$	46

Additional information from the accounting records:

1. A building that originally cost $68,000, and which was three-fourths depreciated, was sold for $14,000.
2. The common stock of Byrd Corporation was purchased for $12,000 as a long-term investment.
3. Property was acquired by issuing a 15%, seven-year, $46,000 note payable to the seller.
4. New equipment was purchased for $22,000 cash.
5. On January 1, 2018, bonds were sold at their $32,000 face value.
6. On January 19, Dux issued a 4% stock dividend (1,000 shares). The market price of the $10 par value common stock was $11 per share at that time.
7. Cash dividends of $33,000 were paid to shareholders.
8. On November 30,000 shares of common stock were repurchased as treasury stock at a cost of $15,000.