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Required information The comparative balance sheets Company. Additional information from Dux's accounting records is provided also. for 2018 and 2017 and the statement of income for 2018 are given below for Dux DUX COMPANY Comparative Balance Sheets December 31, 2818 and 2017 (s in 800s) 2818 2017 Assets Cash Accounts receivable $33 $ 20 48 50 Less: Allowance for uncollectible accounts 4) (3) Dividends receivable Inventory Long-term investment 55 58 15 18 70 40 225 258 (25) (se) $428 $369 Buildings and equipment Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable $13 $ 20 95 70 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 218 280 24 28 45 47 Less: Treasury stock (at cost) $420 $369 Income Statement For the Year Ended December 31, 2818 (s in eees) Revenues $200 Sales revenue Dividend revenue 3 $283 Cost of goods sold Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense 120 25 3 16 178 Net income s 25