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.

Additional information from the accounting records:

1. A building that originally cost $52,000, and which was three-fourths depreciated, was sold for $6,000.
2. The common stock of Byrd Corporation was purchased for $2,000 as a long-term investment.
3. Property was acquired by issuing a 11%, seven-year, $25,000 note payable to the seller.
4. New equipment was purchased for $23,000 cash.
5. On January 1, 2018, bonds were sold at their $25,000 face value.
6. 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.
7. Cash dividends of $12,000 were paid to shareholders.
8. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $12,000.

Required: Prepare the T-accounts for Dux Company. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

T accounts also needed for:

Accounts Receivable

Inventory

Dividends Receivable

Long-term Investments

Land

Buildings and Equipment

Accumulated Depreciation

Accounts Payable

Salaries Payable

Interest Payable

Income Tax Payable

Notes Payable

Bonds Payable

Discount on Bonds

Common Stock

Paid-in Capital

Retained Earnings

Treasury Stock

Sales

Dividend Revenue

Cost of Goods Sold

Salaries Expense

Depreciation Expense

Bad Debt Expense

Loss on Sale of Building

Interest Expense

Net Income (Income Summary)

Income Tax Expense

(S in 000s) 2018 2017 Assets $ 28 Cash 36 Accounts receivable 47 58 Less: Allowance for uncollectible accounts (4) (3) Dividends receivable Inventory Long-term investment 40 35 28 26 105 Land 80 Buildings and equipment Less: Accumulated depreciation 201 230 (35) (70) $ 425 $ 390 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds 26 39 4 8. 25 85 60 (3) (4) Shareholders' Equity Common stock 210 200 Paid-in capital-excess of par Retained earnings Less: Treasury stock (at cost) 24 20 56 61 (12) $ 425 $ 390 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues $ 280 7 $ 287 Sales revenue Dividend revenue Expenses Cost of goods sold Salaries expense Depreciation expense $ 165 41 Bad debt expense Interest expense 8. Loss on sale of building Income tax expense $ 39 265 $ 22 Net income Cash Beg. Bal. Operating Activities: Investing Activities: Financing Activities: End. Bal