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.

Assets Cash uux LUMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Longterm investment Land Buildings and equipment Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Discount on bonds LESS: Shareholders' Equity Common stock Paidin capitalexcess of par Retained earnings Less: Treasury stock 2021 2020 $153.0 $ 40.0 68.0 70.0 (5.0) (4.0) 23.0 22.0 75.0 70.0 35.0 30.0 90.0 40.0 145.0 270.0 (1.0) (150.0) $583.0 $ 388.0 $ 33.0 $ 40.0 22.0 25.0 24.0 22.0 27.0 28.0 50.0 0 87.0 42.0 (2.0) (3.0) 210.0 200.0 24.0 20.0 116.0 14.0 (8.0) 0 $583.0 $ 388.0 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $500.0 Dividend revenue 23.0 $523.0 Expenses Cost of goods sold 160.0 Salaries expense 65.0 Depreciation expense 1.0 Bad debt expense 1.0 Interest expense 48. 0 Loss on sale of building 43.0 Income tax expense 56.0 374.0 Net income $149.0Cash flows from investing activities: Net cash flows from investing activities 0 Cash flows from financing activities: Net cash flows from financing activities 0 Net increase in cash Cash balance, January 1 Cash balance, December 31 $ 0 Noncash investing and financing activities:DUX COMPANY Statement of Cash Flows For year ended December 31, 2021 ($ in 000s) Cash flows from operating activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities $ 0