07 Problem 21-4 (Algo) Statement of cash flows; direct method [LO21-3, 21-8] 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: Dividends receivable Inventory Long-term investment $ 67 $ 34 55 63 Less: Allowance for uncollectible accounts (3) (2) 4 3 70 65 42 38 Land Buildings and equipment Less Accumulated depreciation. Liabilities 80 55 284 290 (57) (80) $542 $466 ces Accounts payable $.34 $ 61 Salaries payable 6 10 Interest payable 6 4 Income tax payable. 4 7 Notes payable 25 0 Bonds payable 115 90 Less: Discount on bonds (4) (5) Shareholders' Equity Common stock 210 200 Paid-in capital-excess of par 24 201 Retained earnings 131 79 Less: Treasury stock (9) 0 $542 $466 DUX COMPANY < Prev 4 of 45 Next >