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Income tax expense 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.

Net income

$\backslash$table$[[$$$48,400],[$$$89]]$

Additional information from the accounting records:

a$.$ A building that originally cost $$40,000,$ and which was three$-$fourths depreciated, was sold for $$7,000.$

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, $$62,000$ note payable to the seller.

d$.$ New equipment was purchased for $$15,000$ cash.

e$.$ On January $1,2024,$ bonds were sold at their $$153,000$ face value.

f$.$ On January $19,$ Dux issued a stock dividend $(1,000$ shares$).$ The market price of the $$10$ par value common stock $$30$ per share at that time.

g$.$ Cash dividends of $$61,000$ were paid to shareholders.

h$.$ On November $12,2,100$ shares of common stock were repurchased as treasury stock at a cost of $$8,000.$

Required:

Prepare the T$-$account for Dux Company.

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

$\backslash$table$[[$Cash$],[$Beginning Balance,$324,0],[$Operating Activities:$],[$From customers,,To suppliers of goods$],[$From dividends received,,To employees$],[,$For interest$],[,$For income taxes$],[$Investing Activities:$],[$Sale of building,,Purchase of long$-$term investment$],[,$Purchase of equipment$],[,,],[$Financing Activities:$],[$Sale of bonds payable,,Payment of dividends$],[,$Purchase of treasury stock$],[$Ending Balance,$324,]]$

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