The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are...

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The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company. Additional information from Dux's accounting records is provided also. Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable DUX COMPANY Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands) Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock 2024 $ 111.0 61.0 (6.0) 16.0 68.0 28.0 83.0 173.0 (9.0) $ 525.0 $26.0 15.0 17.0 20.0 43.0 94.0 (2.0) 210.0 24.0 86.0 (8.0) $ 525.0 2023 $ 33.0 63.0 (5.0) 15.0 63.0 23.0 40.0 263.0 (115.0) $ 380.0 $ 33.0 18.0 15.0 21.0 0 56.0 (3.0) 200.0 20.0 20.0 0 $ 380.0 The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company. Additional information from Dux's accounting records is provided also. Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable DUX COMPANY Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands) Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock 2024 $ 111.0 61.0 (6.0) 16.0 68.0 28.0 83.0 173.0 (9.0) $ 525.0 $26.0 15.0 17.0 20.0 43.0 94.0 (2.0) 210.0 24.0 86.0 (8.0) $ 525.0 2023 $ 33.0 63.0 (5.0) 15.0 63.0 23.0 40.0 263.0 (115.0) $ 380.0 $ 33.0 18.0 15.0 21.0 0 56.0 (3.0) 200.0 20.0 20.0 0 $ 380.0

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Expert Answer General Guidance The answer provided below has been developed in a clear step by step mannerStep 1 DUX COMPANY Statement of Cash Flows F... View the full answer