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The comparative balance sheets for $2024$ and $2023$ and the statement $of$ income for $2024$ are given below for Dux Company. Additional information from Dux$s$ accounting records $is$ provided also.

DUX COMPANYComparative Balance SheetsDecember $31,2024$ and $2023($$ $in$ thousands$)20242023$Assets Cash$ $278$$ $194$Accounts receivable$6668$Less: Allowance for uncollectible accounts$(4)(3)Dividends$ receivable$2111$Inventory$8268$Long$-$term investment$6055$Land$13385$Buildings and equipment$415439$Less: Accumulated depreciation$(70)(86)$ $ $981$$ $831$Liabilities Accounts payable$ $31$$ $38$Salaries payable$1114$Interest payable$1311$Income tax payable$1617$Notes payable$480$Bonds payable$347250$Less: Discount $on$ bonds$(11)(12)Shareholders\text{'}$ Equity Common stock$300290$Paid$-in$ capital$-$excess $of$ par$7865$Retained earnings$156158$Less: Treasury stock$(8)0$ $ $981$$ $831$

DUX COMPANYIncome StatementFor the Year Ended December $31,2024($$ $in$ thousands$)Revenues$ Sales revenue$ $380$ Dividend revenue$21$$ $401$Expenses Cost $of$ goods sold$ $228$ Salaries expense$34$ Depreciation expense$14$ Bad debt expense$1$ Interest expense$26$ Loss $on$ sale $of$ building$2$ Income tax expense$ $34339$Net income $ $62$

Additional information from the accounting records:

A building that originally cost $$40,000,$ and which was three$-$fourths depreciated, was sold for $$8,000.$

The common stock $ofByrd$ Corporation was purchased for $$5,000as$ a long$-$term investment.

Property was acquired $by$ issuing $a13\%,$ seven$-$year, $$48,000$ note payable $to$ the seller.

New equipment was purchased for $$16,000$ cash.

$On$ January $1,2024,$ bonds were sold $at$ their $$97,000$ face value.

$On$ January $19,$ Dux issued a stock dividend $(1,000$ shares$).$ The market price $of$ the $$10$ par value common stock was $$23$ per share $at$ that time.

Cash dividends $of$ $$41,000$ were paid $to$ shareholders.

$On$ November $12,1,400$ shares $of$ common stock were repurchased $as$ treasury stock $at$ a cost $of$ $$8,000.$

Required:

$1.$ Prepare the $T-$account for Dux Company.

Note: Enter your answers $in$ thousands. $(i.e.,10,000$ should $be$ entered $as10).$