The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2016 and 2015 in 000s) 2016 2015 Assets Cash 67 34 Accounts receivable 52 61 Dividends receivable nventory 70 65 Long-term investment 42 38 Land 80 55 Buildings and equipment 284 290 Less: Accumulated depreciation (57) (80) 542 466 Liabilities Accounts payable 34 61 Salaries payable 10 Interest payable Income tax payable Notes payable 25 Bonds payable 115 90 Less: Discount on bonds (4) (5) Shareholders' Equity Common stock 210 200 Paid-in capita excess of par 24 20 Retained earnings 131 79 Less: Treasury stock (at cost) (9) 542 466 DUX COMPANY Income Statement For Year Ended December 31, 2016 in 000s) Revenues Sales revenue 340 4 344 Dividend revenue Expenses Cost of goods sold 190 Salaries expense 26 Depreciation expense 10 Interest expense Loss on sale of building Income tax expense 27 265 Net income 79