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

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.

Required: Prepare the T-accounts for Dux Company.