Question: 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

 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

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 90 48 80 230 Less: Accumulated depreciation (60)(100) 487 465 Liabilities Accounts payable salaries payable Interest payable Income tax payable Notes payable Bonds payable $ 38 66 12 25 90 65 Less: Discount on bonds Shareholders Equity Common stock Paid-in capital-excess of par Retained earnings 210 200 20 94 91 Lessi Treasury stock (at cost) 487 465

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