Required information

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Duxs accounting records is provided also.

DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s)
	2018				2017
Assets
Cash	$	36			$	26
Accounts receivable		53				57
Less: Allowance for uncollectible accounts		(5	)			(4	)
Dividends receivable		5				4
Inventory		85				80
Long-term investment		26				22
Land		100				70
Buildings and equipment		187				210
Less: Accumulated depreciation		(26	)			(50	)
	$	461			$	415
Liabilities
Accounts payable	$	62			$	73
Salaries payable		5				9
Interest payable		8				4
Income tax payable		4				6
Notes payable		30				0
Bonds payable		75				50
Less: Discount on bonds		(1	)			(2	)
Shareholders' Equity
Common stock		210				200
Paid-in capitalexcess of par		24				20
Retained earnings		53				55
Less: Treasury stock (at cost)		(10	)			0
	$	461			$	415

DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s)
Revenues
Sales revenue	$	260
Dividend revenue		5		$	265
Expenses
Cost of goods sold	$	150
Salaries expense		37
Depreciation expense		9
Bad debt expense		1
Interest expense		8
Loss on sale of building		4
Income tax expense	$	29			238
Net income				$	27

Additional information from the accounting records:

1. A building that originally cost $44,000, and which was three-fourths depreciated, was sold for $7,000.
2. The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment.
3. Property was acquired by issuing a 15%, seven-year, $30,000 note payable to the seller.
4. New equipment was purchased for $21,000 cash.
5. On January 1, 2018, bonds were sold at their $25,000 face value.
6. 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.
7. Cash dividends of $14,000 were paid to shareholders.
8. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $10,000.

Check my work 4 Required information The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also Part 2 of 2 DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ( in 000s) 10 2018 2017 points Assets Cash $ 36 26 Accounts receivable 57 53 Less: Allowance for uncollectible accounts Dividends receivable 85 eBook Inventory Long-term investment Land 80 26 100 70 Buildings and equipment Less: Accumulated depreciation 187 210 Print (26) (50) $ 461 415 Liabilities Accounts payable $ 62 $ 73 References Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds 30 50 75 Shareholders' Equity Common stock 210 200 Paid-in capital-excess of par Retained earnings Less: Treasury stock (at cost) 24 20 53 (10) $461 415 DUX COMPANY Income Statement For the Year Ended December 31, 2018 (in 000s) Revenues 260 5 $265 Sales revenue Dividend revenue Expenses Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense 150 37 29 238 $ 27 Net income Additional information from the accounting records a. A building that originally cost $44,000, and which was three-fourths depreciated, was sold for $7,000 b. The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment. C. Property was acquired by issuing a 15%, seven-year, $30,000 note payable to the seller d. New equipment was purchased for $21,000 cash e. On January 1, 2018, 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 g. 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 $10,000 intermediate calculations. Enter your answers in thousands. Amounts to be deducted shoul DUX COMPANY Statement of Cash Flows For year ended December 31, 2018 (S in 000s) ash flows from operating activities Cash infiows: From customers From dividends received Cash outflows: To suppliers of goods For interest For income taxes Net cash flows from operating activities ash flows from investing activities Purchase of long-term investment Sale of building Purchase of equipment Net cash flows from investing activities h flows from financing activities: Sale of bonds payable Purchase of treasury stock Payment of cash dividends Net cash flows from financing activities Net increase in cash h balance, January 1 ash balance, December 31 Noncash investing and financing activities