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 ($ in thousands) 2021 2020 Assets Cash $ 47 $ 26 Accounts receivable Less: Allowance for uncollectible 53 57 (5) (4) accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 5 4 85 80 26 22 100 70 187 210 Less: Accumulated depreciation Liabilities (26) (50) $472 $415 Accounts payable $ 62 $ 73 Salaries payable 5 9 Interest payable 8 4 Income tax payable 4 6 Notes payable 30 0 Bonds payable 75 50 Less: Discount on bonds (1) (2) Shareholders' Equity Common stock 210 200 Paid-in capital-excess of par 24 20 Retained earnings 65 55 Less: Treasury stock (10) 0 $472 $415 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue Dividend revenue Expenses $260 5 $265 Cost of goods sold 150 Salaries expense Depreciation 37 9 expense Bad debt expense 1 Interest expense 8 Loss on sale of 4 building Income tax expense Net income 18 227 $ 38 Additional information from the accounting records: