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the comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below The comparative balance sheets for 2016 and

the comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below
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The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2016 and 2015 (S in 000s) 2016 2015 s 20 47 s 33 Accounts receivable Dividends receivable Curtent asset Inventory Long-term investment S0 10 40 250 (50) $369 15 70 Buildings and equipment Less: Accumulated depreciation (25) $420 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 13 s 20 30 Amb Less:-Eiscount-ombonds Ac Sization axpen2) Shareholders' Equity Common stock Paid-in capital -excess of par Retained earnings 210 24 45 200 20 47 Less: Treasury stock $420 $369 DUX COMPANY Income Statement For the Year Ended December 31, 2016 (S in 000s) Revenues Sales revenue Dividend revenue $200 $203 Expenses Cost of goods sold Salaries expense Depreciation expense Interest expense Loss on sale of building Income tax expense 120 25 17 Net income dditional information from the accounting records A building that originally cost $40,000, and which was three fouthsd

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