The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

(4) Problem 21-4 (Algo) Statement of cash flows; direct method [LO21-3, 21-8] The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 is in thousands) 2021 2020 Assets Cash $ 33 $20 Accounts receivable 48 50 Less: Allowance for uncollectible accounts (3) Dividends receivable 3 2 Inventory 55 50 Long-term investment 15 10 Land 70 40 Buildings and equipment 225 250 Less: Accumulated depreciation (25) (50) $ 420 5369 Liabilities Accounts payable $ 1320 Salaries payable Interest payable 4 2 Income tax payable 7 Notes payable 30 Bonds payable 95 70 Lessi Discount on bonds (2) (3) Shareholders' Equity Common stock 210 200 Paid-in capital-excess of par 24 20 Retained earnings 45 47 Less: Treasury stock (8) $420 $369 2 2011 @ DUX COMPANY Income Statement For the Year Ended December 31, 2021