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This is all that I am given. The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below

This is all that I am given. image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

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 Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation $ 494 82 (4) 37 106 100 189 583 (110) $ 1,477 $ 346 84 (3) 19 84 95 125 607 (118) $ 1,239 $ $ Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock 47 19 21 24 64 571 (19) 3 4 5 67 888 410 (20) 380 126 252 (8) 370 105 254 $ 1,477 $ 1,239 DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $ 540 Dividend revenue 37 $ 577 Expenses Cost of goods sold $ 324 Salaries expense 42 Depreciation expense 22 Bad debt expense 1 Interest expense 42 Loss on sale of building 2 Income tax expense $ 50 483 Net income $ 94 = Additional information from the accounting records: a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $8,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing a 13%, seven-year, $64,000 note payable to the seller. d. New equipment was purchased for $16,000 cash.. e. On January 1, 2021, bonds were sold at their $161,000 face value. f. On January 19, Dux issued a stock dividend (1,000 shares). The market price of the $10 par value common stock was $31 per share at that time. g. Cash dividends of $65,000 were paid to shareholders. h. On November 12, 2,200 shares of common stock were repurchased as treasury stock at a cost of $8,000. Required: Prepare the T-account for Dux Company. (Enter your answers in thousands. (i.e., 10,000 should be entered as 10).) Cash 346 Beg. Bal. Operating Activities: From customers 542 353 45 To employees 40 For interest 51 For income taxes 19 Investing Activities: From dividends received Sale of building Financing Activities: Sale of bonds payable 5 Purchase of long-term investment 16 Purchase of equipment 8 162 65 Payment of dividends 8 Purchase of treasury stock End. Bal. 494 Accounts Receivable Inventory Beg. Bal. Beg. Bal. End. Bal. End. Bal. Dividends Receivable Long-term Investments Beg. Bal. Beg. Bal. End. Bal. End. Bal. Land Buildings and Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accumulated Depreciation Accounts Payable Beg. Bal. Beg. Bal End. Bal. End. Bal. Salaries Payable Interest Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Income Tax Payable Notes Payable Beg. Bal Beg. Bal. End. Bal. End. Bal. Bonds Payable Discount on Bonds Beg. Bal. Beg. Bal. Common Stock Paid-in Capital-Excess of Par Beg. Bat. Beg, Bal End. Bal End. Bal Retained Earnings Treasury Stock Beg Bal Beg Bal End. Bal End. Bal. Sales Dividend Revenue Beg Bal Beg Bal End Dal End. Bal Cost of Goods Sold Salaries Expense Beg Bal Beg Bal Fnd Bal End Bal Depreciation Expense Bad Debt Expense Beg. Bai Beg Bal End Bal End Bal Loss on Sale of Building Interest Expense Beg. Bal Beg. Bal. End, Bal End, Bal Net Income (Income Summary) Income Tax Expense Beg Bai Beg. Bal End. Bal End. Bal. Allowance for Uncollectible accounts Beg. Bal. - End. Bal

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