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.

Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $395.9 Dividend revenue 16.9 $411.9 Expenses Cost of goods sold 146.9 Salaries expense 51.9 Depreciation expense 2.9 Bad debt expense 1.9 Interest expense 34.9 Loss on sale of building 29'\" Income tax expense 42.9 395.9 Net income $196.9 Additionai information from the accounting records: a. A building that originally cost $144,000, and which was three-fourths depreciated. was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a longterm investment. c. Property was acquired by issuing a 13%, sevenyear, $43,000 note payable to the seller. (1. New equipment was purchased for $54,000 cash. e. On January 1, 2021, bonds were sold at their $38,000 face value. t. 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 $26,000 were paid to shareholders. h. On November 12. 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000. DUX COMPANY Statement of Cash Flows For year ended December 31, 2021 ($ 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 Cash flows from investing activities: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 in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities:Assets Cash DUK CDHPANY Comparative Balance Sheets December 31, 2&21 and Zl {$ 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 2321 2323 3111.3 3 33.3 31.3 33.3 (3.3) (5.3) 13.3 15.3 33.3 33.3 23.3 23.3 33.3 33.3 123.3 233.3 (3.3) (115.3) 3525.3 3 333.3 3 23.3 3 33.3 15.3 13.3 12.3 15.3 23.3 21.3 33.3 3 33.3 53.3 (2.3) (3.3) 213.3 233.3 23.3 23.3 33.3 23.3 (3.3) 3 3525.3 3 333.3