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 Balance Sheets December 31, 2018 and 2017 ($ 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 Lesst Discount on bonds Shareholders' Equity Common stockk Paid-in capital-excess of par Retained earninga 210 24 91 200 20 94 Less: Treasury stock (at cost 487 465
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