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.

DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)

2018

2017

Assets

Cash

$

121

$

40

Accounts receivable

43

71

Less: Allowance for uncollectible accounts

(5

)

(4

)

Dividends receivable

4

3

Inventory

100

95

Long-term investment

54

50

Land

95

85

Buildings and equipment

162

200

Less: Accumulated depreciation

(38

)

(80

)

$

536

$

460

Liabilities

Accounts payable

$

46

$

82

Salaries payable

6

9

Interest payable

7

2

Income tax payable

5

6

Notes payable

10

0

Bonds payable

80

50

Less: Discount on bonds

(5

)

(6

)

Shareholders' Equity

Common stock

210

200

Paid-in capital—excess of par

24

20

Retained earnings

163

97

Less: Treasury stock (at cost)

(10

)

0

$

536

$

460

DUX COMPANY
Income Statement
For the Year Ended December 31, 2018
($ in 000s)

Revenues

Sales revenue

$

400

Dividend revenue

4

$

404

Expenses

Cost of goods sold

220

Salaries expense

38

Depreciation expense

9

Bad debt expense

1

Interest expense

10

Loss on sale of building

2

Income tax expense

31

311

Net income

$

93

Additional information from the accounting records:

A building that originally cost $68,000, and which was three-fourths depreciated, was sold for $15,000.

The common stock of Byrd Corporation was purchased for $4,000 as a long-term investment.

Property was acquired by issuing a 15%, seven-year, $10,000 note payable to the seller.

New equipment was purchased for $30,000 cash.

On January 1, 2018, bonds were sold at their $30,000 face value.

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.

Cash dividends of $13,000 were paid to shareholders.

On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $10,000.

Required:
Prepare the statement of cash flows of Dux Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

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.

Additional information from the accounting records:

a.    A building that originally cost $68,000, and which was three-fourths depreciated, was sold for $15,000.

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, $10,000 note payable to the seller.

d.    New equipment was purchased for $30,000 cash.

e.    On January 1, 2018, bonds were sold at their $30,000 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 $13,000 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.

Required:
Prepare the T-accounts for Dux Company. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

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.

Additional information from the accounting records:

A building that originally cost $68,000, and which was three-fourths depreciated, was sold for $14,000.

The common stock of Byrd Corporation was purchased for $12,000 as a long-term investment.

Property was acquired by issuing a 15%, seven-year, $46,000 note payable to the seller.

New equipment was purchased for $22,000 cash.

On January 1, 2018, bonds were sold at their $32,000 face value.

On January 19, Dux issued a 4% stock dividend (1,000 shares). The market price of the $10 par value common stock was $11 per share at that time.

Cash dividends of $33,000 were paid to shareholders.

On November 30,000 shares of common stock were repurchased as treasury stock at a cost of $15,000.

Required:
Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).))

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

WRIGHT COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018 2017
Assets
Cash $ 143 $ 130
Accounts receivable 171 175
Short-term investment 70 30
Inventory 175 170
Land 130 160
Buildings and equipment 800 600
Less: Accumulated depreciation (235 ) (175 )
$ 1,254 1,090
Liabilities
Accounts payable $ 51 $ 55
Salaries payable 2 5
Interest payable 9 8
Income tax payable 6 12
Notes payable 0 40
Bonds payable 380 300
Shareholders’ Equity
Common stock 475 400
Paid-in capital—excess of par 221 200
Retained earnings 110 70
$ 1,254 $ 1,090

WRIGHT COMPANY
Income Statement
For Year Ended December 31, 2018
($ in 000s)
Revenues:
Sales revenue $ 700
Expenses:
Cost of goods sold $ 330
Salaries expense 95
Depreciation expense 60
Interest expense 12
Loss on sale of land 4
Income tax expense 99 600
Net income $ 100

Additional information from the accounting records:

Land that originally cost $30,000 was sold for $26,000.
The common stock of Microsoft Corporation was purchased for $40,000 as a short-term investment not classified as a cash equivalent.
New equipment was purchased for $200,000 cash.
A $40,000 note was paid at maturity on January 1.
On January 1, 2018, bonds were sold at their $80,000 face value.
Common stock ($75,000 par) was sold for $96,000.
Net income was $100,000 and cash dividends of $60,000 were paid to shareholders.

Required:
Prepare the statement of cash flows of Wright Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 5,000 should be entered as 5).)

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.

DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017

Assets Cash $ 57 $ 32

Accounts receivable 56 71

Less: Allowance for uncollectible accounts (5 ) (4 )

Dividends receivable 5 3

Inventory 79 62

Long-term investment 39 22

Land 123 64

Buildings and equipment 213 274

Less: Accumulated depreciation (37 ) (74 )

$ 530 $ 450

Liabilities

Accounts payable $ 25 $ 44

Salaries payable 5 6

Interest payable 7 4

Income tax payable 19 22

Notes payable 59 0

Bonds payable 119 82

Less: Discount on bonds (14 ) (27 )

Shareholders' Equity Common stock 222 212

Paid-in capital—excess of par 36 32

Retained earnings 67 75

Less: Treasury stock (15 ) 0

$ 530 $ 450

DUX COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s)

Revenues

Sales revenue $ 310

Dividend revenue 7

$ 317

Expenses

Cost of goods sold 132

Salaries expense 37

Depreciation expense 29

Bad debt expense 1

Interest expense 20

Loss on sale of building 7

Income tax expense 29

255

Net income $ 62

Additional information from the accounting records: A building that originally cost $88,000, and which was three-fourths depreciated, was sold for $15,000.

The common stock of Byrd Corporation was purchased for $17,000 as a long-term investment.

Property was acquired by issuing a 12%, seven-year, $59,000 note payable to the seller.

New equipment was purchased for $27,000 cash. On January 1, 2018, bonds were sold at their $37,000 face value.

On January 19, Dux issued a 3% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.

Cash dividends of $56,000 were paid to shareholders.

On November 30,000 shares of common stock were repurchased as treasury stock at a cost of $15,000.

Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).))

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. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 94 $ 31 Accounts receivable 37 61 Less: Allowance for uncollectible accounts (4 ) (3 ) Dividends receivable 5 4 Inventory 55 50 Long-term investment 35 32 Land 50 40 Buildings and equipment 263 260 Less: Accumulated depreciation (35 ) (50 ) $ 500 $ 425 Liabilities Accounts payable $ 21 $ 39 Salaries payable 5 7 Interest payable 11 5 Income tax payable 9 11 Notes payable 10 0 Bonds payable 95 75 Less: Discount on bonds (1 ) (2 ) Shareholders' Equity Common stock 210 200 Paid-in capital—excess of par 24 20 Retained earnings 121 70 Less: Treasury stock (at cost) (5 ) 0 $ 500 $ 425 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 310 Dividend revenue 5 $ 315 Expenses Cost of goods sold 175 Salaries expense 20 Depreciation expense 9 Bad debt expense 1 Interest expense 9 Loss on sale of building 1 Income tax expense 22 237 Net income $ 78 Additional information from the accounting records: A building that originally cost $32,000, and which was three-fourths depreciated, was sold for $7,000. The common stock of Byrd Corporation was purchased for $3,000 as a long-term investment. Property was acquired by issuing a 14%, seven-year, $10,000 note payable to the seller. New equipment was purchased for $35,000 cash. On January 1, 2018, bonds were sold at their $20,000 face value. 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. Cash dividends of $13,000 were paid to shareholders. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $5,000. Required: Prepare the statement of cash flows of Dux Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

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

Additional information from the accounting records:

1. Land that originally cost $13,000 was sold for $8,000.
2. The common stock of Microsoft Corporation was purchased for $22,000 as a short-term investment not classified as a cash equivalent.
3. New equipment was purchased for $110,000 cash.
4. A $22,000 note was paid at maturity on January 1.
5. On January 1, 2018, bonds were sold at their $44,000 face value.
6. Common stock ($50,000 par) was sold for $75,000.
7. Net income was $70,000 and cash dividends of $40,000 were paid to shareholders.

Required:
Prepare the statement of cash flows of Wright Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 5,000 should be entered as 5).)

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. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 51 $ 40 Accounts receivable 64 80 Less: Allowance for uncollectible accounts (6 ) (5 ) Dividends receivable 3 2 Inventory 95 90 Long-term investment 53 48 Land 105 80 Buildings and equipment 182 230 Less: Accumulated depreciation (60 ) (100 ) $ 487 $ 465 Liabilities Accounts payable $ 38 $ 66 Salaries payable 4 8 Interest payable 6 5 Income tax payable 11 12 Notes payable 25 0 Bonds payable 90 65 Less: Discount on bonds (4 ) (5 ) Shareholders' Equity Common stock 210 200 Paid-in capital—excess of par 24 20 Retained earnings 91 94 Less: Treasury stock (at cost) (9 ) 0 $ 487 $ 465 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 360 Dividend revenue 3 $ 363 Expenses Cost of goods sold $ 240 Salaries expense 36 Depreciation expense 8 Bad debt expense 1 Interest expense 9 Loss on sale of building 2 Income tax expense $ 44 340 Net income $ 23 Additional information from the accounting records: A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $14,000. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. Property was acquired by issuing a 14%, seven-year, $25,000 note payable to the seller. New equipment was purchased for $16,000 cash. On January 1, 2018, bonds were sold at their $25,000 face value. 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. Cash dividends of $11,000 were paid to shareholders. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $9,000. Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis. (Do not round your intermediate calculations. Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

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.

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. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 51 $ 40 Accounts receivable 64 80 Less: Allowance for uncollectible accounts (6 ) (5 ) Dividends receivable 3 2 Inventory 95 90 Long-term investment 53 48 Land 105 80 Buildings and equipment 182 230 Less: Accumulated depreciation (60 ) (100 ) $ 487 $ 465 Liabilities Accounts payable $ 38 $ 66 Salaries payable 4 8 Interest payable 6 5 Income tax payable 11 12 Notes payable 25 0 Bonds payable 90 65 Less: Discount on bonds (4 ) (5 ) Shareholders' Equity Common stock 210 200 Paid-in capital—excess of par 24 20 Retained earnings 91 94 Less: Treasury stock (at cost) (9 ) 0 $ 487 $ 465 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $ 360 Dividend revenue 3 $ 363 Expenses Cost of goods sold $ 240 Salaries expense 36 Depreciation expense 8 Bad debt expense 1 Interest expense 9 Loss on sale of building 2 Income tax expense $ 44 340 Net income $ 23 Additional information from the accounting records: A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $14,000. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. Property was acquired by issuing a 14%, seven-year, $25,000 note payable to the seller. New equipment was purchased for $16,000 cash. On January 1, 2018, bonds were sold at their $25,000 face value. 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. Cash dividends of $11,000 were paid to shareholders. On November 12, 1,000 shares of common stock were repurchased as treasury stock at a cost of $9,000. Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis.