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 Statement of Cash Flows For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities:Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities:UUA LUHPHNY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $266 Dividend revenue ___ $265 Expenses Cost of goods sold 156 Salaries expense 3? Depreciation expense 9 Bad debt expense 1 Interest expense 8 Loss on sale of 4 building Income tax expense __l _222 Net income $ 38 Additionai information from the accounting records: a. A building that originally cost $44,000, and which was threefourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $4,000 as a longterm investment. c. Property was acquired by issuing a 15%, sevenyear, $30,000 note payable to the seller. d. New equipment was purchased for $21,000 cash. e. On January 1, 2021, bonds were sold at their $25,000 face value. f. 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. Q. Cash dividends of $14,000 were paid to shareholders. h. On November 12. 1,000 shares of common stock were repurchased as treasury stock at a cost of $10000. DUI CDHPANY Comparative Balance Sheets December 31, 2321 and 2323 {$ in thousands) 2321 2323 Assets Cash $ 4? $ 23 Accounts receivable 53 5? Less: allowance for uncollectible accounts (5) (4) Dividends receivable 5 4 Inventory 85 83 Longterm investment 25 22 Land 133 ?3 Buildings and equipment 18? 213 Less: accumulated depreciation {23) {53) $4?2 $415 Liabilities accounts payable $ 62 $ ?3 Salaries payable 5 9 Interest payable 8 4 Income tax payable 4 E Notes payable 33 3 Bonds payable T5 53 Less: Discount on bonds (1) (2) Shareholders' Equity Common stock 213 233 Paidin capitalexcess of par 24 23 Retained earnings 65 55 Less: Treasury stock {13) 3 $4?2 $415