The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 0005) 2018 2017 $ 29 65 Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation $ 51 53 (5) 3 73 33 116 216 (34) $ 506 2 59 19 61 268 $ 431 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Lesst Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less Treasury stock $ 22 3 5 16 55 113 (11) $ 38 7 4 20 0 79 (21) 219 33 68 209 29 66 0 $ 431 (17) $ 506 Book DUX COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000) Revenues Sales revenue $ 288 Dividend revenue 7 $295 Expenses Cost of goods sold 129 Salaries expense 34 Depreciation expense 23 Bad debt expense 1 Interest expense 17 Loss on sale of building B Income tax expense 26 238 Net income $ 57 erences Additional information from the accounting records: a. A building that originally cost $76,000, and which was three-fourths depreciated, was sold for $11,000. b. The common stock of Byrd Corporation was purchased for $14,000 as a long-term investment. c. Property was acquired by issuing a 12%, seven-year, $55,000 note payable to the seller d. New equipment was purchased for $24,000 cash. e. On January 1, 2018, bonds were sold at their $34,000 face value. f. On January 19, Dux issued 0,3% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time. 9. Cash dividends of $41,000 were paid to shareholders. h. On November 34,000 shares of common stock were repurchased as treasury stock at a cost of $17,000. -- Homework Saved DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Adjustments for noncash effects: 5 Changes in operating assets and liabilities: Cash balance, January 1 Noncash investing and financing activities