DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (s in 000s) 2018 2017 AssetS Cash Accounts receivable $ 55 27 56 41 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 95 27 95 194 90 220 60 Less: Accumulated depreciation $476 435 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable $ 76 83 10 10 7 20 80 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 210 200 20 58 (11) e $476 435 56 Less: Treasury stock (at cost) DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Revenues $ 270 Sales revenue Dividend revenue 6 ?276 Expenses $ 160 39 10 Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense 8 4 $ 30 252 $ 24 Net income