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 (S in 000s) 2016 2015 Assets Cash Accounts receivable Dividends receivable Inventory Long-term investment Land Buildings and equipment S 33 20 44 47 55 50 15 10 225 250 (25) (50) $ 420 S369 Less Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable S 13 S 20 3070 95 Less. Discount on bonds Shareholders' Equity Common stock Paid-in capital -excess of par Retained earnings 210 200 24 20 45 47 Less: Treasury stock S 420 S 369 DUX COMPANY Income Statement For Year Ended December 31, 2016 (S in 000s) Revenues Sales revenue Dividend revenue S 200 3 $ 203 Expenses Cost of goods sold Salares expense Depreciation expense Interest expense Loss on sale of building Income tax expense 120 17 178 Net income s 25