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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

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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. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (s in 000s) 2018 2017 Assets Cash Accounts receivable $ 51 40 80 64 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 95 53 105 182 60 90 48 80 230 (100) Less: Accumulated depreciation S 487 465 Liabilities Accou Salaries payable Interest payable Income tax payable Notes payable Bonds payable nts payable $ 38 66 12 25 90 65 Less: Discount on bonds Shareholders Equity Common stock Paid-in capital-excess of par Retained earnings 200 20 94 (9)0 487 465 210 24 91 Less: Treasury stock (at cost)

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